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Oct. 24, 2016 7:35 a.m. ET
AMC Entertainment Holdings Inc. AMC 0.94 % said it expects revenue in the September quarter to come in below Wall Street expectations, though it anticipates profit growing more than expected.
The company expects revenue between $777.0 million and $780.0 million compared with $688.8 million in the prior-year third quarter. Analysts polled by Thomson Reuters expected $785.7 million.
AMC has been trying to finalize a deal with U.S. theater chain Carmike Cinemas Inc. CKEC 0.15 % since March. The companies in July agreed to a sweetened deal valued at more than $800 million. Carmike shareholders are expected to vote on the transaction at a meeting on Nov. 15.
The move comes after AMC, controlled by Chinas Dalian Wanda Group Co., said it would acquire Europes largest cinema chain, Odeon & UCI Cinemas Group, for 500 million ($650 million) as it pushes to become the worlds largest movie-theater company.
AMC also said Monday it expects third-quarter profit in a range of 29 cents to 32 cents compared with 12 cents a year ago. Analysts expected 27 cents a share.
The company expects to report complete results on Nov. 7.
Shares were inactive premarket.
Write to Joshua Jamerson at joshua.jamerson@wsj.com
Source: http://www.wsj.com/articles/amc-sees-less-than-expected-revenue-growth-1477308939
