AMC Entertainment Reports Q3 Earnings, Files for $350M Stock Offering

AMC Entertainment Holdings has reported its Q3 earnings, with an adjusted EPS loss of $0.09 (estimated loss of $0.38) and sales of $1.41 billion (estimated $1.17 billion). Additionally, AMC has filed for a $350 million offer of common stock. Following the news, AMC stock is down 14.8% in pre-market trading. Later, it is reported that AMC will sell $350 million worth of new shares, and the company is said to price $300 million of shares at $10 each. AMC has also announced a $350 million At-The-Market Offering.