AMC Entertainment (NYSE:AMC) shares surged 5.31% in intraday trading, rebounding from recent lows as investors reassessed the company's outlook following better-than-expected third-quarter results and an optimistic forecast for the fourth quarter.

The movie theater chain recently reported Q3 revenue of $1.3 billion, surpassing Wall Street expectations of $1.23 billion. Despite a 3.6% year-over-year decline in sales, AMC showcased strong per-customer metrics, including record admissions revenue of $12.25 per patron and near-record food and beverage spending. CEO Adam Aron highlighted a successful partnership with Taylor Swift, which generated $50 million in box-office receipts.

Investors appear to be looking past the company's wider net loss of $298 million, which was largely attributed to non-cash charges from a July debt refinancing. Instead, they are focusing on Aron's projection that the fourth quarter will be AMC's strongest in six years, supported by upcoming blockbuster releases such as "Wicked" and "Avatar: Fire and Ash." This positive outlook, combined with the company's ability to exceed revenue expectations, seems to have reignited investor interest, driving the stock's significant intraday gain.