AMC posts gain in its debut quarterly report

MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- In its debut quarterly report after going public in December, AMC Entertainment Holdings Inc. on Tuesday reported fourth-quarter net income of $279.62 million, or $3.58 a share, compared with $373,000, or zero cents a share, for the same period a year ago. Profits included a one-time gain from a deferred tax asset, accounting for $3.40 of its earnings, and putting it in line with the 18-cent average estimate from analysts polled by FactSet. The Leawood, Kan.-based theater chain posted revenue of $712.98 million against last year s $696.99 million, and well ahead of the FactSet forecast of $697.8 million. Shares ended the regular session up marginally to $22.47.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.