AMC Stock Tumbles on $350M Offering: Everything You Need to Know
AMC Stock Tumbles on $350M Offering: Everything You Need to Know
$AMC Entertainment (AMC.US)$ shares are tanking Thursday after the company announced an at-the-market offering.
$AMC院線 (AMC.US)$ 該公司宣佈在市場上發行後，週四股價下跌。
AMC entered into an equity distribution agreement to sell up to $350 million worth of shares of its common stock from time to time through an at-the-market offering program.
AMC簽訂了一項股權分配協議，通過市場發行計劃不時出售價值高達3.5億美元的普通股。
AMC said it intends to use any net proceeds to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness and for general corporate purposes.
AMC表示，它打算將任何淨收益用於增加流動性，償還、再融資、贖回或回購其現有債務，以及用於一般公司用途。
The news comes a day after AMC reported third-quarter financial results. The company reported revenue of $1.41 billion, which beat the consensus estimate of $1.17 billion. AMC reported a quarterly loss of 9 cents per share, which beat estimates for a loss of 38 cents per share.
該消息是在AMC公佈第三季度財務業績的第二天發佈的。該公司公佈的收入爲14.1億美元，超過了市場普遍估計的11.7億美元。AMC公佈的季度每股虧損9美分，超過了預期的每股虧損38美分。
"It is quite satisfying for AMC to report impressively favorable earnings for the third quarter of 2023, significantly above consensus and market expectations," said Adam Aron, CEO of AMC.
他說：“AMC公佈的2023年第三季度收益令人印象深刻，大大高於共識和市場預期，這令人非常滿意。” 亞當·阿隆，AMC 首席執行官。
"This all suggests that we are well underway on our growth path to recovery from the ravages of the COVID pandemic."
“這一切都表明，我們在從COVID大流行的破壞中恢復過來的增長道路上進展順利。”
Third-quarter attendance was up on a year-over-year basis, but still about 16% below where it was in 2019. However, contribution per patron was up about 30% versus 2019.
第三季度的出勤率同比上升，但仍比2019年的水平低約16％。但是，與2019年相比，每位顧客的捐款增加了約30％。
AMC ended the quarter with $729.7 million in cash and equivalents.
AMC在本季度末擁有7.297億美元的現金及等價物。
"The short-term impacts of the Writer's and Actor's strikes will cause additional and needless challenges for AMC in 2024 ... There has been and will be much collateral damage from these lengthy work stoppages," Aron added.
“作家和演員罷工的短期影響將在2024年給AMC帶來更多不必要的挑戰...這些長時間的停工已經而且將會造成很大的附帶損害，” 阿倫補充說。
AMC shares are down more than 70% since the start of the year.
自今年年初以來，AMC股價下跌了70％以上。