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AMC stock moves higher in after-hours trading following Q1 earnings report

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AMC beat first-quarter revenue expectations but missed on earnings.

Video Transcript

- All right. Let's take a look at AMC because they reported earnings just a few minutes ago. The stock on the move after hours. You can see revenue coming in at $785.7 million. That was topping expectations. Adjusted earnings per share, the company reporting a narrower than expected loss of $0.52. The estimate was for a $0.62. Also an important number here, attendance, Q1 consolidated attendance coming in at 39 million. Comparing that to a year ago, obviously a very different picture in terms of where we are in the pandemic. But the company reporting just 6.8 million a year ago. And here we are in 2022 with 39 million.

Taking a look at how the stock, though, has performed since the start of the year, we know that this was a favorite here amongst retail traders over the last several months. The stock, though, off pretty significantly year to date. Off 50%. Off about 80% here from its all time high reached not too long ago. But, again, shares popping after hours. You can see the stock right around $13 a share, up about 3 and 1/2%.