AMC Entertainment (AMC) Misses Q4 EPS by 1c

AMC Entertainment (NYSE: AMC) reported Q4 EPS of $0.33, $0.01 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $926.1 million versus the consensus estimate of $914.37 million.

“AMC’s laser-like focus on the priorities that drive considerable growth is what differentiates us, and what has established AMC as the clear and undisputed leader among movie-theatre operators,” said Adam Aron, AMC Chief Executive Officer and President. “Our innovations with powered recliner seats, enhanced food and beverage initiatives and the expansion of premium large format offerings, combined with AMC’s world class marketing efforts, has created industry defining guest experiences and engagement. In concert with a prudent and opportunistic acquisition strategy, 2016 resulted in the successful acquisition of Odeon, Europe’s largest movie exhibitor, and Carmike Cinemas, the nation’s then fourth largest domestic exhibitor, and presented AMC with the opportunity to acquire Nordic Cinema Group, announced in January of 2017. AMC has never been better positioned to leverage our proven strategic initiatives across a growing platform both here in the U.S. and across the globe.”

For earnings history and earnings-related data on AMC Entertainment (AMC) click here.

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