Investor’s Business Daily
Meme Stocks: AMC Earnings Beat As Analyst Predicts Eventual Retail Cash-Out
Movie theater chain AMC Entertainment reported third-quarter earnings after the close on Monday that beat expectations, and the company said it was “encouraged” by trends so far in the fourth quarter. “Thanks to an increasingly appealing film slate, rising COVID-19 vaccination counts, our commitment to robust health and safety protocols and our own greatly increased marketing activity, AMC’s theatres in the U.S., Europe and the Middle East safely welcomed back 40 million guests during the third quarter of 2021,” CEO Adam Aron said in a statement. Movie theaters have suffered over the years as at-home viewing becomes more popular and as the window shrinks between a film’s theater release and its streaming release.