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  • Yesterday

      Show headlines and story abstract
    • 18 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...
    • 18 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.
    • 19 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.
    • 20 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.
    • 20 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 ...

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