AMC Entertainment Holdings Inc. rallied after a return of moviegoers and new releases spurred the theater to report preliminary results that topped expectations, Bloomberg News reported. The world’s largest movie-theater company expects fourth-quarter revenue of about $1.17 billion, surpassing the average analyst estimate of $1.09 billion. AMC sees adjusted earnings before interest, taxes, depreciation, and amortization to be between $146.8 million to $151.8 million, topping the highest analyst estimate for $137 million, data compiled by Bloomberg show. The Leawood, Kansas-based company soared as much as 17% before trimming gains to 5% Tuesday. While shares remain up more than 25% over the past year, it has shed nearly three-quarters of its value from a June peak. The company’s total liquidity at the end of the year exceeded $1.8 billion compared with a quarterly cash burn of about $217 million, the statement showed.
