AMC Entertainment (AMC) stock is at risk of declining to $0 per share because of its large free cash flow burn, notes David Trainer. He and Alicia Reese discuss the major takeaways from AMC. They go over AMC's earnings. Its 1Q adjusted EPS came in at -$0.13 versus an estimated -$0.17 and its revenue came in at $954.40M versus an estimated $936.05M. David mentions that AMC's business has been struggling for a long time, and I don't expect that trend to change. They go over how AMC's 1Q revenue is up 21.5%. Tune in to find out more about the stock market today.
05 May 2023