AMC Entertainment Reports Improved Earnings, Revenue As Attendance Grows

By Trey WilliamsMarketWatch Pulse

AMC Entertainment Holdings Inc. said Monday it had net earnings of $41.6 million, or 42 cents per share in the fourth quarter, up from $29.8 million, or 30 cents a share, during the same period a year ago. Adjusted earnings per share were 43 cents, just above the FactSet consensus of 40 cents a share. Revenue for the quarter hit $783.9 million, which is up from $712.2 million a year ago, but below the FactSet consensus of $802 million. AMC said attendance grew 5.2% in 2015 as the box office had a record year. The theater chain closed its $173 million acquisition of Starplex Cinemas during the fourth quarter. The deal added 33 theaters with 346 screens in 12 states. Shares of were up slightly on low volume in pre-market trade.

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