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MoviePass majority owner Helios & Matheson's stock rises after earnings beat, revenue miss

Shares of MoviePass majority owner Helios & Matheson Analytics Inc. are up 2.2% in Wednesday morning trading after the company reported a surprise profit for the March quarter. The company generated revenue of $49.4 million, up from $1.4 million a year earlier but below the FactSet consensus estimate for $57.2 million. In a release, Helios & Matheson said it now has more than 2.7 million active members, 1.1 million of which joined in the first quarter.