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Why AMC Entertainment Is Rising Today

TheMotleyFool

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Shares of AMC Entertainment Holdings (NYSE: AMC) were higher by 1.8% heading into midday trading Monday as investors prepare for the movie theater chain to report second-quarter earnings results after the market closes.

There's reason for optimism among AMC investors as both Cinemark Holdings and Imax reported financial results that beat analyst expectations. While stepping over the pandemic-decimated numbers from a year ago is easy, Wall Street had a much more dour forecast for theater operators than what played out.

Image source: Getty Images.

Source Fool.com

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