AMC Scores an Earnings Beat at a Difficult Time for Meme Stocks – Barrons

AMC Entertainment Holdings stock jumped after the move theater firm beat Wall Street’s expectations for the first quarter.The report came at a treacherous time for meme stocks and the broader market.

The company reported a non-GAAP net loss of 52 cents a share and revenue of $785.7 million. On a 2021 constant currency basis, revenue hit $798.4 million. Analysts polled by FactSet had forecast a non-GAAP net loss of 63 cents a share and revenue of $743 million.

AMC…