AMC Entertainment Jumps After Report. Is the Show Just Getting Started?

AMC Entertainment  (AMC) – Get AMC Entertainment Holdings Inc. Class A Report shares started Friday trading off as much as 12%, partly as the broad equity market opened lower following the stronger-than-expected jobs report from July.

But the theater chain’s earnings were the main culprit. The company issued a better-than-expected report but still posted a loss of 20 cents per share. Revenue of $1.16 billion was essentially in line with expectations.

And the company’s special dividend stole the headlines. The Leawood, Kan., company declared a payout of one AMC preferred-equity unit — called Ape units — for each Class A common share.



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