AMC Entertainment Posts Loss In Q2 Due To Moribund Spring Box Office, But Results Match Wall Street Estimates And Stock Ticks Up

Top 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 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 c ...