AMC Entertainment (NYSE:AMC)'s stock saw a significant increase of 4.1% today, outpacing the S&P 500's gain of 0.9%. This rise comes ahead of the company's third-quarter results, which are due to be announced on November 8. Analysts predict sales of $1.227 billion and a loss of 26 cents per share.
In contrast, Cinemark Holdings (NYSE:CNK)' stock experienced a drop of 3.4%, despite the company reporting strong third-quarter earnings. The company had previously benefited from the "Barbenheimer" internet trend in July, where fans were encouraged to watch both "Barbie" and "Oppenheimer" films on the same day, leading to record box office numbers.
Meanwhile, Imax Corp.’s shares dipped by a slight 0.2% following initial gains. The company had reported robust third-quarter results, driven by the success of Hollywood blockbusters and thriving markets in China, Europe, and Southeast Asia.
Elsewhere in the industry, National CineMedia Inc.'s shares rose by 4.7% today. This increase was fueled by anticipation ahead of the company's own third-quarter results announcement.
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