Movie theater operator AMC Entertainment Holdings (NYSE:AMC) reported first-quarter financial results after the market close Wednesday.
Here are the key highlights.
What Happened: AMC Entertainment reported first-quarter revenue of $951.4 million, down 0.3% year-over-year. The revenue total beat a Street consensus estimate of $871.0 million according to data from Benzinga Pro.
The company reported a loss of 78 cents per share in the quarter, which beat a Street consensus estimate of a loss of 79 cents per share.
"We're pleased to report that AMC outperformed in the first quarter. AMC exceeded consensus estimates for revenue, adjusted EBITDA, net income, and diluted earnings per share," AMC CEO Adam Aron said in a statement.
"We had expected for some time the Hollywood actor and writer strikes of 2023 would impact the first quarter box ...
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