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0 6.30914826498353E-05 0 0 0.00315457413249205 -0.00630914826498423 0.00315457413249205 -0.00946372239747642
Stock impact report

Q3 Earnings Recap: AMC Entertainment (NYSE:AMC) Tops Leisure Facilities Stocks [Yahoo! Finance]

AMC Entertainment Holdings, Inc. Class A (AMC) 
NASDAQ:AMEX Investor Relations: investor.amctheatres.com
Company Research Source: Yahoo! Finance
Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity. The 11 leisure facilities stocks we track reported a satisfactory Q3. As a group, revenues missed analysts' consensus estimates by 0.7% while next quarter's revenue guidance was 0.6% below. In light of this news, share prices of the companies have held steady as they are up 4.5% on average since the latest earnings results. With a profile that was raised due to meme stock mania beginning in 2021, AMC Entertainment (NYSE:AMC) operates movie theaters primarily in the US and Europe. AMC Entertainment reported revenues of $1.3 billion, down 3.6% year on year. This print exceeded analysts' expectations by 6.3%. Overall, it was an exceptional quarter for the company with Show less Read more
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