The Devil Wears Prada 2 Tops Box Office with $77 Million Opening
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Strong Opening: The Devil Wears Prada 2 achieved an impressive $77 million in its opening weekend, topping the domestic box office and indicating strong audience anticipation and support for the sequel, which is expected to drive further box office growth in subsequent weekends.
- Market Recovery: The film's success propelled the overall three-day domestic box office to an estimated $172.5 million, reflecting an 18% increase from the same weekend last year, showcasing a recovery in the film market and increased consumer spending.
- Global Box Office Performance: The film generated $233.6 million worldwide in its opening frame, with $156.6 million coming from international markets, indicating its broad appeal and market potential on a global scale.
- Competitive Landscape: Following The Devil Wears Prada 2, Lionsgate's Michael collected $54 million in its second weekend, demonstrating strong competition, while other films like The Super Mario Galaxy Movie also performed well, further boosting overall box office growth.
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Analyst Views on AMC
Wall Street analysts forecast AMC stock price to rise
4 Analyst Rating
0 Buy
3 Hold
1 Sell
Hold
Current: 1.520
Low
1.30
Averages
2.02
High
3.00
Current: 1.520
Low
1.30
Averages
2.02
High
3.00
About AMC
AMC Entertainment Holdings, Inc. is a movie exhibition company. The Company is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres primarily located in the United States and Europe. The Company operates through two segments: U.S. markets and International markets. In the U.S. markets segment, it owns, leases or operates theatres in 41 states and the District of Columbia. The International markets segment has operations in or partial interest in theatres in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, and Denmark. Its brands include AMC, AMC CLASSIC and others. It also offers food and beverage alternatives beyond traditional concession items, including collectible concession vessels, made-to-order meals, customized coffee, healthy snacks, beer, wine, premium cocktails, and dine-in theatre options. It operates approximately 870 theatres and 9,700 screens across the globe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
The Devil Wears Prada 2 Tops Box Office with $77 Million Opening
- Strong Opening: The Devil Wears Prada 2 achieved an impressive $77 million in its opening weekend, topping the domestic box office and indicating strong audience anticipation and support for the sequel, which is expected to drive further box office growth in subsequent weekends.
- Market Recovery: The film's success propelled the overall three-day domestic box office to an estimated $172.5 million, reflecting an 18% increase from the same weekend last year, showcasing a recovery in the film market and increased consumer spending.
- Global Box Office Performance: The film generated $233.6 million worldwide in its opening frame, with $156.6 million coming from international markets, indicating its broad appeal and market potential on a global scale.
- Competitive Landscape: Following The Devil Wears Prada 2, Lionsgate's Michael collected $54 million in its second weekend, demonstrating strong competition, while other films like The Super Mario Galaxy Movie also performed well, further boosting overall box office growth.
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The Devil Wears Prada 2 Tops Box Office with $77 Million Opening
- Strong Opening: The Devil Wears Prada 2 achieved an impressive $77 million in its opening weekend, topping the domestic box office and indicating strong audience anticipation and support for the sequel, which is expected to drive further box office growth in subsequent weekends.
- Market Recovery: The film's success propelled the overall three-day domestic box office to an estimated $172.5 million, reflecting an 18% increase from the same weekend last year, showcasing a recovery in the film market and increased consumer spending.
- Global Box Office Performance: The film generated $233.6 million worldwide in its opening frame, with $156.6 million coming from international markets, indicating its broad appeal and market potential on a global scale.
- Competitive Landscape: Following The Devil Wears Prada 2, Lionsgate's Michael collected $54 million in its second weekend, demonstrating strong competition, while other films like The Super Mario Galaxy Movie also performed well, further boosting overall box office growth.
See More
Apple's Strong Earnings Propel Stock Market Higher
- Apple's Earnings Surprise: Apple reported a projected revenue increase of 14% to 17% for the June quarter, significantly exceeding the Street's expectation of 9%, which solidifies its leadership position in the tech industry.
- Record Services Revenue: The company's services revenue reached an all-time high of $30.97 billion, up 16% year-over-year, indicating strong growth potential in its digital services segment and expected to drive future revenue growth.
- Positive Market Reaction: Apple's stock rose by 3.5%, with Wells Fargo raising its price target from $300 to $310, reflecting market optimism regarding its future performance.
- Memory Price Concerns: Despite Sandisk's earnings beating expectations, its shares fell 5%, highlighting market concerns over rising memory chip prices, which could impact overall industry profitability.
See More
Latest Wall Street Rating Updates
- Apple's Positive Outlook: Bank of America reiterates a buy rating on Apple, forecasting that iPhone revenues will exceed expectations in 2026 due to record upgraders and strong gross margins despite commodity pressures, indicating sustained competitiveness in the smartphone market.
- Roblox Demand Slowdown: Bank of America downgrades Roblox to neutral, citing a significant decline in platform demand; while acknowledging its ability to compress development costs, the uncertainty around the timeline for demand recovery may impact its market performance.
- CoreWeave Growth Potential: Citi reiterates CoreWeave as a buy, raising its price target from $126 to $155, estimating a quarterly growth of 35-40% in AI infrastructure, showcasing strong performance across a diversified customer base.
- Hershey's Positive Outlook: TD Cowen upgrades Hershey to buy, expressing confidence that the company will raise its 2026 guidance and return to volume growth in 2027, reflecting strong recovery potential in the confectionery market.
See More
Apple, Roku, Estée Lauder Beat Earnings Expectations
- Apple's Strong Earnings: Apple reported a fiscal second-quarter earnings of $2.01 per share and revenue of $111.18 billion, surpassing analyst expectations of $1.95 and $109.66 billion, although iPhone sales missed estimates for the third consecutive quarter, indicating increasing market competition pressures.
- Roku's Robust Growth: Roku's first-quarter revenue reached $1.25 billion, exceeding the expected $1.20 billion, with adjusted EBITDA of $148.4 million also above the forecast of $131.3 million, highlighting the company's ongoing growth potential in the streaming market.
- Estée Lauder's Better-Than-Expected Performance: Estée Lauder reported third-quarter earnings of $0.91 per share and revenue of $3.71 billion, both exceeding analyst estimates, despite announcing job cuts as part of its turnaround strategy, reflecting its adaptive measures in a changing market.
- Moderna's Improved Financials: Moderna posted a first-quarter loss of $3.40 per share, better than the anticipated loss of $4.45, with revenues of $389 million surpassing the $236.4 million estimate, indicating its sustained competitiveness in the vaccine market.
See More
Reddit Reports Significant Growth Amid AI Boom
- Significant Revenue Growth: Reddit's latest earnings report reveals a 69% year-over-year revenue increase to $663 million, primarily driven by advertising, reflecting its strong performance in the digital ad market and solidifying its market position.
- User Engagement Surge: Daily active users rose by 17% to 126.8 million, indicating a sustained demand for platform content, which lays a solid foundation for future advertising revenue growth.
- Low Capital Expenditure: Reddit's capital expenditures were approximately $1 million for the quarter, significantly lower than competitors' massive investments, allowing the company to benefit from the AI boom without incurring substantial capital costs, enhancing financial flexibility.
- Substantial Cash Flow Increase: Free cash flow reached $311 million, more than doubling year-over-year, demonstrating significant improvements in operational efficiency and profitability, providing ample funding for future investments and expansion.
See More
Apple Beats Earnings Expectations, Roku Shares Surge 6%
- Apple's Strong Earnings: Apple reported fiscal Q2 earnings of $2.01 per share and revenue of $111.18 billion, surpassing analyst expectations of $1.95 and $109.66 billion, although iPhone sales missed estimates for the third consecutive quarter, indicating robust competitiveness in the overall market.
- Roku's Impressive Performance: Roku's Q1 revenue reached $1.25 billion, exceeding the expected $1.20 billion, with adjusted EBITDA of $148.4 million also above the $131.3 million forecast, and the company anticipates continued outperformance in upcoming quarters, highlighting its growth potential in the streaming market.
- Twilio's Strong Rebound: Twilio reported Q1 adjusted earnings of $1.50 per share, beating the $1.27 estimate, with revenue of $1.41 billion also exceeding the $1.34 billion expectation, showcasing sustained growth and strong market demand in the cloud communications sector.
- GoDaddy's Excellent Results: GoDaddy's Q1 earnings were $1.60 per share on revenue of $1.27 billion, both surpassing analyst expectations of $1.52 and $1.26 billion, while free cash flow of $473.6 million exceeded the anticipated $454.2 million, indicating strong competitiveness and profitability in the website building market.
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