Why AMC Entertainment’s Stock Is Trading Higher Today

AMC Entertainment Holdings Inc (NYSE: AMC) is trading higher Tuesday after the company announced better-than-expected second-quarter financial results. 

AMC Entertainment reported a quarterly earnings loss of 71 cents, which beat the estimate for a loss of 93 cents. The company reported quarterly revenue of $444.7 million, which beat the estimate of $375.28 million.

AMC Entertainment said it raised $1.25 billion of new equity capital in the second-quarter, bringing its liquidity to more than $2 billion.

The company also announced plans to accept Bitcoin (CRYPTO: BTC) as payment for tickets. 

“Thanks to increased vaccination counts in the countries we serve,

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