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StockNews.com
Business
Riddhima Chakraborty

1 Stock You Shouldn’t Be in Any Hurry to Buy Now

AMC Entertainment

AMC Entertainment Holdings, Inc. (AMC) surpassed revenue and EPS estimates by 0.8% and 18.4%, respectively, in the 2022 third quarter.

However, the movie and entertainment industry continues to underperform and is still below pre-pandemic levels. Amid a scarcity of movie releases, AMC might witness a further downtrend. According to ScreenVision CEO John Partilla, the number of movies screened at more than 2,000 screens totaled 60% of 2019 levels, which could be better.

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