Theater chain AMC Entertainment, posted a surprise second-quarter adjusted profit and record revenue that beat Wall Street expectations, as blockbuster titles like “The Super Mario Galaxy Movie” and “Obsession” boosted ticket sales.
Theater chain AMC Entertainment, posted a surprise second-quarter adjusted profit and record revenue that beat Wall Street expectations, as blockbuster titles like “The Super Mario Galaxy Movie” and “Obsession” boosted ticket sales.
AMC Entertainment Holdings shares fell 19% Tuesday following the company’s announcement of a $200 million registered direct offering of common stock.
AMC Entertainment raised about $250 million of new equity capital on Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.”