AMC Entertainment Holdings Inc., the movie theater chain, saw its shares rise about 1% in extended trading after reporting better-than-expected fourth-quarter revenue. The improvement was largely due to an improving box office.
During the company’s earnings call, CEO Adam Aron addressed concerns and misinformation circulating on social media, telling shareholders that his interests are “completely and directly aligned” with theirs. He also criticized “crackpot conspiracy theorists,” implying that some individuals were spreading false information about AMC.
The positive earnings results and CEO’s statements have provided a boost to the company’s stock.
Source: https://www.marketwatch.com/story/amc-stock-climbs-as-improving-box-office-brings-better-than-expected-q4-revenue-fbee3bd8