AMC Stock Alert: AMC Previews Revenue Drop, Pivot to Net Loss for Q2

Trading of AMC Entertainment (NYSE:AMC) stock was briefly halted this morning following the release of its preliminary second-quarter earnings. It was resumed at 9:43 ET, and, as of this writing, AMC stock is currently about 7% down.AMC posted revenue of $1.03 billion, down 23.54% from $1.347 billion a year ago. Preliminary revenue was in line with the consensus analyst estimate of $1.03 billion.The movie theater chain also reverted back to being an unprofitable company with a net loss of $32.8 million comp ...