U.S. Markets open in 7 hrs 9 mins

AMC Entertainment tops 4Q revenue forecasts

LEAWOOD, Kan. (AP) _ AMC Entertainment Holdings Inc. (AMC) on Tuesday reported fourth-quarter profit of $33.2 million.

The Leawood, Kansas-based company said it had net income of 33 cents per share. Earnings, adjusted for one-time gains and costs, came to 37 cents per share.

The movie theater operator posted revenue of $926.1 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $911.5 million.

For the year, the company reported profit of $115.9 million, or $1.17 per share. Revenue was reported as $3.24 billion.

AMC Entertainment shares have dropped almost 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.35, a rise of 30 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMC at https://www.zacks.com/ap/AMC


Keywords: AMC Entertainment, Earnings Report