AMC Shares Lower After Company Misses EPS Estimates

By Claudia AssisMarketWatch Pulse

AMC Entertainment Holdings Inc. said Wednesday it earned $43.9 million, or 45 cents a share, compared with 32 cents a share a year ago. Revenue hit $821.1 million, up from $727 million, the company said. Analysts polled by FactSet had expected AMC to report earnings of 47 cents a share on sales of $810 million. The movie-theater chain said its average ticket price rose to $9.91 from $9.55 a year ago, and its food and beverage revenues per movie-goer rose 10% to $4.65, the highest ever for the company. Shares of AMC fell 1.6% in late trading Wednesday, after ending the regular session up 1.7%.

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