Don’t call it a comeback, AMC Entertainment beat second quarter expectations

On Monday, AMC Entertainment Holdings, Inc. (NYSE:AMC) reported better-than-expected second quarter results, with the movie theater chain posting breakeven earnings compared to analyst expectations of a loss.

The company’s shares surged 5.80% in pre-market trading following the announcement.

The world’s largest movie exhibition company reported second quarter earnings per share of $0.00, significantly better than the analyst estimates of -$0.09. Revenue for the quarter came in at $1.4 billion, surpassing the consensus estimate of $1.31 billion.

The stock’s nearly 6% jump reflects investor optimism about the company’s ability to outperform expectations despite ongoing challenges in the theater industry. The revenue figure represents continued recovery in the exhibition business as moviegoers return to theaters.