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AMC CEO: Prospects are bright after Q1 earnings report

AMC Entertainment reported record earnings in the first quarter, according to the company's CEO, Adam Aron.

He said that revenues were up 17 percent, earnings before interest taxes depreciation and amortization were up 27 percent and earnings per share were up 383 percent, all beating analysts' expectations.

"I'd love to have a quarter like this every 90 days for the next 10 years," Aron told CNBC's "Closing Bell" on Friday.

This report comes as the movie chain's stock experienced a dive the same day, trading as low as 26.19 after opening at 29.5, only to pick up later in the day to close at 28.22.

"Sometimes people look at the trees and not the forest," he said in response to the dive. "But we take a longer view of our company and we think the prospects for AMC and shareholders are quite bright."

Competing with at-home internet movie viewing, Aron said this good competition keeps the company on its toes. In response, the company is investing $1 billion over the next three years to upgrade the movie-going experience, including reclining seats, better concessions and alcoholic bars in the lobbies.

In a recent attempt at an upgrade, the leader floated the idea to allow texting in theaters. After negative feedback from consumers on social media, he said, "That idea is dead and buried."