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Helena Cheng57m

AMC gains as strong Q1 results give breathing room for balance sheet improvements

AMC shares are rising in early Wednesday trading after the theater chain reported Q1 earnings results with revenue exceeding estimates after the bell Tuesday.

Key numbers:

Revenue of $1.05 billion (compared to analyst estimates of $972.6 million).
Adjusted EBITDA of $38.3 million (estimate: $7.7 million).

Attendance reached 30.7 million in the US and 16.9 million internationally, with improving demand thanks to recently released movies like “Project Hail Mary,” “The Super Mario Galaxy Movie,” and “Michael.”

A prolonged string of positive operating results like these will be needed to improve AMC’s balance sheet over time. AMC is still carrying around $4 billion in debt, which management is aiming to refinance and pay down over time.

“Refinancing has bought time to delever amid the stop-and-go box-office rebound as film supply is set to improve,” Bloomberg Intelligence analysts Kevin Near and Geetha Ranganathan wrote in the wake of this release. “AMC expects to close more underperforming theaters this year and hinted that positive free cash flow may hinge on a strong 2027 movie slate.”

Analysts at Benchmark upgraded the stock to “buy” from “hold” following these Q1 results.

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Uber Q1 earnings, Q2 guidance come in above Wall Street estimates

Uber reported earnings before the bell Wednesday.

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Mickey Goofy Donald baseball

Disney rises after quarterly revenue beat, boosted by streaming and theme park growth

Disney reported its second-quarter results before markets opened on Wednesday.

Max Knoblauch3h

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J. Edward Moreno3h

Oscar Health beats Q1 estimates on lower medical costs, reaffirms full-year guidance

Oscar Health is soaring in premarket trading after it reported earnings results that beat Wall Street expectations and reaffirmed its full-year guidance.

For the first three months of 2026, the company reported:

Earnings per share of $2.07, compared to the $1.11 analysts polled by FactSet were expecting.
Revenue of $4.65 billion, higher than the $4.5 billion that was penciled in.
A medical cost ratio of 70.5%, lower than the 73.8% the Street was expecting. The company said this was because of a “disciplined pricing strategy, claims and risk adjustment seasonality from metal and new member mix, and favorable prior period reserve development.”

For the full year, Oscar reaffirmed the guidance it gave in February:

Revenues between $18.7 billion and $19 billion, in line with the $18.8 billion analysts are expecting.
Its medical cost ratio to sit between 82.4% and 83.4%, also in line with the 83.3% the Street is penciling in.

The company, like most health insurers, struggled last year amid rising medical costs. Oscar’s higher-than-expected profit was driven by a sharp drop in medical costs and increased premiums alongside higher enrollment.

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J. Edward Moreno4h

Stocks rally, oil falls as US and Iran reportedly close in on deal to end war

Stocks rallied and oil prices fell after Axios reported that the White House is closing in on an agreement to end the war with Iran, which would lift restrictions around transit through the Strait of Hormuz.

The one-page, 14-point memorandum of understanding to end the war also reportedly includes Iran committing to a moratorium on nuclear enrichment and the US agreeing to lift its sanctions, among other things.

Many of the terms would hinge on a final agreement being reached, potentially leaving the chance for “an extended limbo in which the hot war has stopped but nothing is truly resolved,” per Axios.

S&P 500 futures, which were already in the green in the early hours of Wednesday, got a jolt on the news and are currently up 0.7% as of 6 a.m. ET.

Brent crude futures fell 6.90% to $102.29 per barrel. Oil and gas producers like Occidental Petroleum, Coterra Energy, APA Corporation, and ConocoPhillips fell in premarket trading along with oil giants Exxon and Chevron.

Meanwhile, airlines and cruise lines — several of which just told investors high fuel prices would weigh on their profits — rose in early trading. Delta Air Lines, United Airlines, JetBlue, American Airlines, Royal Caribbean, Carnival, and Norwegian all rose.

Exclusive: U.S. and Iran closing in on one-page memo to end war, officials say

Exclusive: U.S. and Iran closing in on one-page memo to end war, officials say

Many of the terms would hinge on a final agreement being reached, potentially leaving the chance for “an extended limbo in which the hot war has stopped but nothing is truly resolved,” per Axios.

S&P 500 futures, which were already in the green in the early hours of Wednesday, got a jolt on the news and are currently up 0.7% as of 6 a.m. ET.

Brent crude futures fell 6.90% to $102.29 per barrel. Oil and gas producers like Occidental Petroleum, Coterra Energy, APA Corporation, and ConocoPhillips fell in premarket trading along with oil giants Exxon and Chevron.

Meanwhile, airlines and cruise lines — several of which just told investors high fuel prices would weigh on their profits — rose in early trading. Delta Air Lines, United Airlines, JetBlue, American Airlines, Royal Caribbean, Carnival, and Norwegian all rose.

Photo Illustration of Wegovy semaglutide tablets on a white background

Novo jumps after solid Q1, strong Wegovy pill sales drive improved guidance

The drugmaker reported earnings results on Wednesday.

J. Edward Moreno6h

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