Shares of theater company AMC Entertainment (NYSE:AMC) jumped 3.2% in the afternoon session after it reported strong second-quarter financial results that surpassed analyst expectations for both revenue and earnings.

The best news of all, though, is that free cash flow for the quarter turned positive, with AMC generating positive cash profits of $88.9 million in the quarter. CEO Adam Aron argued this result "showcased the impressive operating leverage inherent in our business," and expressed the hope that this is "a harbinger of things to come."

AMC's Q2 revenue surges 36%, beating estimates, yet debt and losses linger. Read more on challenges and outlook for AMC amid recent share rallies.