AMC Entertainment Shares Tumble To New Low On 10% Drop In Attendance During Fourth Quarter

Shares in top exhibitor AMC Entertainment tumbled 3% to a multi-year low of $1.16 on Monday after the company reported a 10% drop in attendance during the October-to-December quarter. Total revenue slipped a fraction to $1.288 billion in the period ended December 31, while net losses per share eased to 25 cents from 35 cents in the year-ago quarter. The top- and bottom-line numbers exceeded Wall Street analysts’ consensus expectations. Attendance in the quarter totaled a bit more than 56.3 million. For t ...