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Why AMC Entertainment Stock Just Popped

TheMotleyFool

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Why AMC Entertainment Stock Just Popped: https://g.foolcdn.com/editorial/images/828837/cool-dude-in-a-black-suit-and-shades-peeling-off-100-bills.jpg

Shares of meme stock and theater operator AMC Entertainment (NYSE: AMC) jumped 3.8% through 12:10 p.m. ET Monday after exceeding expectations for second-quarter earnings.

Heading into today's report, analysts forecast AMC to lose $0.09 per share (adjusted for one-time items) on sales of just over $1.3 billion. In fact, AMC broke even with a loss of $0, and sales were just under $1.4 billion.

Image source: Getty Images.

Source Fool.com