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AMC Entertainment Posts Loss In Q2 Due To Moribund Spring Box Office, But Results Match Wall Street Estimates And Stock Ticks Up
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deadline.comTop exhibitor AMC Entertainment posted a loss of 10 cents a share and saw revenue slide 24% in the second quarter due to the strike-hit movie pipeline.
Though they may have been shaky, however, the financials matched Wall Street analysts’ estimates and shares in AMC gained modest ground in after-hours trading.
The loss compared with a profit of 6 cents a share in the same period a year ago, while the revenue figure of $1.03 billion was down from $1.348 billion in the 2023 quarter.
CEO Adam Aron, the pre-eminent corporate optimist, said the dynamic shifts in the marketplace left him feeling optimistic about the second half of 2024.
Read more on deadline.com
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