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AMC Entertainment beats estimates for quarterly revenue -Breaking

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© Reuters. FILEPHOTO: This is the AMC theater during the COVID-19 (coronavirus) outbreak, in Burbank California, U.S.A. June 30, 2020. REUTERS/Mario Anzuoni

(Reuters] – AMC Entertainment, NYSE:, beat Wall Street’s expectations on Monday for its first-quarter revenues. The release of blockbuster films like “The Batman”, “Uncharted” and other movies attracted large audiences to theaters. This drove a rise in ticket sales.

From $148.3m a year prior, the company saw its revenue rise to $785.7 million for the quarter ending March 31.

According to IBES data from Refinitiv, analysts had an average revenue expectation of $743.4 Million.

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