Shares AMC Entertainment rose more than 3% after hours Monday after the company posted a narrower-than-expected loss during the first quarter.

This movie theatre chain posted a net loss in the amount of $337.4million, which is 65c per share. It was down from a loss in 2005 of $567.2million, or $1.42 per shares.

The company’s loss was 52 cents per shares, which excludes items. This is a smaller loss than what analysts expected it to suffer during the quarter. According to Refinitiv, this survey was done by Refinitiv.

From $148.3M last year, revenue rose to $785.7 Million. This was higher than the $743M analysts expected.

CEO Adam Aron released Monday’s statement, “Our first quarter 2022 results represent AMC’s strongest quarter in two full-years,” he said.

AMC closed the quarter with $1.3 Billion in liquidity.

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