AMC Entertainment: 2Q Earnings Snapshot

KNSS News
August 07, 2020 - 8:22 am
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AMC Entertainment Holdings Inc. (AMC) on Thursday reported a second-quarter loss of $561.2 million, after reporting a profit in the same period a year earlier.

The Leawood, Kansas-based company said it had a loss of $5.38 per share. Losses, adjusted for non-recurring gains, were $5.44 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $4 per share.

The movie theater operator posted revenue of $18.9 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $21 million.

The company's shares closed at $4.14. A year ago, they were trading at $11.32.

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