AMC Entertainment (AMC) Misses Q2 EPS by 1c

AMC Entertainment (NYSE: AMC) reported Q2 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $726.6 million versus the consensus estimate of $744 million.

“In spite of some tough comparisons, we enter the second half of the year building momentum behind our continuing transformation of the AMC guest experience. Our five strategic action fronts continue to deliver innovation, additional revenue opportunities, improved profit flow-through and better-than-industry results,” said Gerry Lopez, AMC president and chief executive officer. “Our vision for the circuit is working and is long-term, and we’re keeping our focus on it.”

“Our comfort and convenience, and enhanced food and beverage initiatives drive significant benefits for our guests and the Company, and are helping us outperform our peers. One of the newest, best examples is open source internet ticketing. After rolling out our own ticketing engine in April, tickets to an AMC theatre are now both easier to get and available in more places on the web than any of our competitors’. So far, we’ve seen a 45 percent increase in online ticket revenues this year, and have sold approximately 13 million online tickets this year. ”

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

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