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The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.
Richard Levine | Corbis News | Getty Images
Not even the tag-team of Spider-Man and Batman could make AMC Entertainment profitable during the first quarter. Still, shares of the movie theater chain rose more than 4% after hours Monday after it posted a narrower-than-expected loss during the period.
AMC has made big strides toward recovery since the pandemic shuttered all of its locations globally in 2020, but a limited slate of new films during the first three months of the year meant fewer movie tickets were sold compared to prepandemic levels.
However, the recent release of Marvel’s “Doctor Strange in the…
Source cnbc.com
