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AMC Entertainment Holdings beat third-quarter revenue estimates, reporting $1.41 billion in revenue, a 45% year-over-year increase, driven by the success of 'Barbie' and 'Oppenheimer' movies. The CEO warned of 'much collateral damage' from Hollywood strikes and the company's plan to sell $350 million in stock caused a 16% premarket drop in AMC's stock price. Despite the strong earnings, AMC's shares dropped 10% after the announcement of the stock offering.
AMC stock tumbles as company announces $350 million share offering https://t.co/kZxYHSCtJF by @_JoshSchafer
AMC Entertainment Shares Drop 10% on Plan to Sell New Stock https://t.co/t3OYVR5GkY
AMC Entertainment Shares Drop, Despite Strong Earnings, Strike Deal, After $350 Million Stock Offer https://t.co/SJTLns6xlj
*AMC ENTERTAINMENT DROPS 16% PREMARKET ON FILING TO SELL $350MM IN STOCK
AMC beats quarterly revenue estimates on 'Barbenheimer' boost https://t.co/nlGzhAV7Xk https://t.co/5BJLKmJFO9
AMC tops quarterly revenue estimates on 'Barbenheimer' performance https://t.co/dj09MNa7VS https://t.co/INXtawYhEw
AMC Entertainment CEO Warns Strikes Will Cause “Additional And Needless Challenges” In 2024 (click photo below for story) https://t.co/mJwWNeeHMt https://t.co/8zKsDVOH89
AMC Theatres CEO: There Will Be "Much Collateral Damage" From Hollywood Strikes https://t.co/9GfSoyCtuu
⚠️ AMC ENTERTAINMENT BEATS QUARTERLY REVENUE ESTIMATES Full Story → https://t.co/74FVFk9csI AMC Entertainment Holdings beat third-quarter revenue estimates on Wednesday, riding on the success of "Barbie" and "Oppenheimer" movies as volumes of theatrical releases also improved… https://t.co/zPeRwyaaaq
$AMC Q3 Revenue: $1.41B, up 45% YoY
AMC Stock’s Fans Are Counting on Barbenheimer. Why Earnings May Disappoint. https://t.co/9gaCMNYR51