AMC Entertainment Holdings Inc

NYSE:AMCUnited States

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• AMC Entertainment Expects Q2 Loss, Lower Revenue, from 12 hours ago by MT Newswires

  12 hours ago by MT Newswires
  Companies Mentioned: AMC
  11:19 AM EDT, 07/24/2024 (MT Newswires) -- AMC Entertainment Holdings (AMC) said Wednesday it expects to swing to Q2 loss of about 0.10 per diluted share, from earnings of $0.06 a year earlier. Analysts polled by Capital IQ expect a loss of $0.48. P...

• DJ AMC Entertainment Shares Drop on Expectations of 2Q Swing to Loss, from 12 hours ago by Dow Jones

  12 hours ago by Dow Jones
  Companies Mentioned: AMC
  
  By Robb M. Stewart
  
  AMC Entertainment shares dropped sharply after the movie-theater operator warned of an expected swing to a loss in the latest quarter as it continued to feel the sting of the prolonged Hollywood actors and writers strikes last year.
  

• DJ Shares Of AMC Fall As Movie-Theater Chain Cites 'Weakness' In Its Q2 Guidance -- MarketWatch, from 13 hours ago by Dow Jones

  13 hours ago by Dow Jones
  Companies Mentioned: AMC
  
  Shares of AMC Entertainment Holdings Inc. (AMC) are down 4.7% Wednesday after the movie-theater chain and original meme stock cited the lingering impact of the Hollywood actors and writers strikes in its second-quarter guidance. AMC expects a second-quarter net loss of $32.8 million, or 10 cents a share, after net earnings of $8.6 million, or 6 cents a share, in the prior year's quarter. Analysts surveyed by FactSet are looking for a loss of 47 cents a share. The company expects second-quarter revenue of $1.03 billion compared to $1.35 billion in the same period last year. Analysts surveyed by FactSet are looking for revenue of $1.03 billion. "As we accurately predicted and previously disclosed, the prolonged actors and writers strikes of 2023 severely reduced the number of movies being released theatrically in the early months of 2024," said AMC CEO Adam Aron, in a statement. "This explains the weakness in our preliminary Q2 2024 results, as contrasted with the same quarter of a year ago." However, the CEO also pointed to "incredibly good news" during the second quarter. "AMC enjoyed a significant increase in our daily revenues in June of 2024 as compared to those of April and May of 2024," he added. "Indeed, the industry box office for June was only 1.4% less than that of April and May combined." AMC will report its second-quarter results after market close on Aug. 2.
  

• DJ AMC Entertainment Expects 2Q Loss as Revenue Slides But Sees Signs of Improvement, from 14 hours ago by Dow Jones

  14 hours ago by Dow Jones
  Companies Mentioned: AMC
  
  By Robb M. Stewart
  
  AMC Entertainment Holdings expects to swing to a loss in the latest quarter in the wake of the prolonged Hollywood actors and writers strikes last year, though it flagged a recovery in movie going last month.
  

• --AMC Entertainment Reports Preliminary Q2 Loss of $0.10 per Share; Stock Down as Trading Resumes, from 14 hours ago by MT Newswires

  14 hours ago by MT Newswires
  Companies Mentioned: AMC
  09:55 AM EDT, 07/24/2024 (MT Newswires) -- Price: 4.75, Change: -0.34, Percent Change: -6.59 ...