AMC Entertainment Stock Is Tumbling Wednesday: What's Going On?
AMC Entertainment Stock Is Tumbling Wednesday: What's Going On?
AMC also said it expects to report a cash and cash equivalents balance of approximately $770.3 million as of June 30. AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower Wednesday after the company reported preliminary results for the second quarter.
AMC院線控股股份有限公司 (紐交所：AMC)週三股價下跌，因公司發佈了第二季度的預測結果。
What Happened: AMC said it expects second-quarter revenue of approximately $1.03 billion versus estimates of $1.018 billion, according to estimates from Benzinga Pro.
發生了什麼事情: 根據彭博社專業版(Benzinga Pro)預測，AMC表示它預計第二季度的營業收入約爲10.3億美元，而市場預期爲10.18億美元。
The company anticipates a second-quarter loss of 10 cents per share versus estimates for a loss of 43 cents per share. Adjusted EBITDA is expected to be approximately $29.4 million in the second quarter.
公司預計每股虧損10美分，而市場預期每股虧損43美分。調整後的息稅前利潤預計在第二季度達到約2940萬美元。
AMC also said it expects to report a cash and cash equivalents balance of approximately $770.3 million as of June 30.
AMC還表示，截至6月30日，其現金及現金等價物餘額預計約爲77030萬美元。
"As we accurately predicted and previously disclosed, the prolonged actors and writers strikes of 2023 severely reduced the number of movies being released theatrically in the early months of 2024. This explains the weakness in our preliminary Q2 2024 results, as contrasted with the same quarter of a year ago," said Adam Aron, chairman and CEO of AMC Entertainment.
AMC Entertainment的董事長兼首席執行官亞當·阿倫表示:"正如我們準確預測和事先披露的那樣，在2023年演員和編劇罷工長達數月，這嚴重削減了2024年前幾個月放映在電影院中的電影數量。這就解釋了我們的第二季度2024年的業績疲軟，與去年同期相比”。
"But if looking only at the full quarter, the lay observer might easily miss the incredibly good news that transpired within the second quarter. Finally, moviegoing in theatres appears again to be on an upwards trajectory. AMC enjoyed a significant increase in our daily revenues in June of 2024 as compared to those of April and May of 2024."
"但是，如果僅關注整個季度，那麼觀察者可能會輕易地忽略在第二季度發生的令人難以置信的好消息。最終，電影院的觀影再次呈上升曲線。AMC在2024年6月的每日收入相比於2024年4月和5月大幅增長。"
AMC noted that the strong box office momentum has continued into July. The company expects box office momentum in the second half of 2024 and into 2025 and 2026 to show "Increasing strength."
AMC指出，強勁的票房勢頭已經延續到7月份。公司預計，2024年下半年以及2025年和2026年的票房勢頭將呈現“增長趨勢”。
"This in turn suggests that AMC should enjoy increasing Adjusted EBITDA, if as and when overall industry revenues are climbing. Such improvements in revenues, earnings and Adjusted EBITDA are our current expectations going forward, all of which shine brightly on AMC's future," Aron added.
亞倫補充道:"這反過來又表明，如果整個行業的收入正在增長，AMC的調整後息稅前利潤應該會增加。我們目前的預期是，收入、盈利和調整後息稅前利潤都將有所改善，這些都是AMC未來的亮點。"
AMC scheduled its second-quarter financial results for Aug. 2. The company will hold a conference call after the market closes that day to discuss its quarterly results.
AMC將於8月2日公佈第二季度業績。當天收盤後，公司將舉行電話會議，討論季度業績。
Don't Miss: Are The Good Times 'About To Roll' At AMC? Adam Aron Highlights 'Staggering' Box Office Lineup, 'Good News' For Shareholders
不要錯過：AMC好時光即將來臨？亞當·阿倫強調“驚人的”票房陣容，爲股東帶來“好消息”
AMC Price Action: AMC shares were halted for new pending ahead of the market open. The stock was down 5.12% at $4.82 at the time of publication, per Benzinga Pro.
AMC股票在市場開盤前暫停交易。截至發稿時，股票下跌了5.12%，報4.82美元。
Photo: Dave Dugdale from Flickr.
照片：Dave Dugdale來自Flickr。