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Domino's Pizza Rises, AMC Entertainment Soars, LXP Industrial Trust Gains on Brookfield, CPPIB Purchase
Description
On this episode of Stock Movers:
-Domino's Pizza (DPZ) shares rise. Domino’s shares gain after the restaurant chain reported second-quarter revenue that beat analyst estimates. Chief Executive Officer Russell Weiner said in a statement that the company “drove meaningful order count growth” during the period, which he believes “is the most important driver of long-term success.”
-AMC Entertainment (AMC) shares soar. The company reported strong adjusted Ebitda for the second quarter that beat the average analyst estimate. More than 4.3 million moviegoers attended AMC Theatres in the United States and ODEON Cinemas internationally from Thursday through Sunday, led by the opening of Christopher Nolan’s The Odyssey/
-LXP Industrial Trust (LXP) shares gain. Brookfield Asset Management and CPP Investments agreed to buy LXP Industrial Trust in an all-cash deal valued at ~$5.2b at $61.20 per share in cash. Deal value of ~$5.2b includes net debt and preferred equity in the transaction.
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