AMC Stock Falls as AMC Entertainment Loses Attendees

AMC Entertainment (NYSE:AMC) stock is in the red today after the movie theater chain reported its first-quarter earnings. During the quarter, revenue tallied in at $951.4 million, beating the analyst estimate for$870.86 million but falling by 0.31% year-over-year (YOY). The company’s adjusted diluted loss per share was 78 cents compared to the analyst estimate for a loss of 79 cents and improving from a loss of $1.31 a year ago. It’s worth noting, as AMC pointed out, that there were 263.4 million weighted ...