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‘Dune 2,’ ‘Kung Fu Panda 4’ Help AMC Theatres Quarterly Earnings Beat Projections
AMC Theatres earnings beat Wall Street's projections thanks to March blockbusters like 'Dune Part Two' and 'Kung Fu Panda 4'
As the biggest exhibitor in the world, AMC Theatres certainly felt the lack of franchise movies and tentpole films as the year kicked off, but the company still managed to beat projections with its quarterly earnings. Wall Street predicted that the theater chain would report earnings of 79 cents per share, as well as revenue of $871 million, according to Benzinga Pro. “We’re pleased to report that AMC outperformed in the first quarter,” Adam Aron, chairman and CEO of AMC, said in a statement, adding, “We had expected for some time the Hollywood actor and writer strikes of 2023 would impact the first quarter box office but were heartened by the strength of moviegoing in March which reminded us that better times are ahead.”
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