Summary :
The Leawood, Kansas-based company said it had a loss of 24 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share. The movie theater operator posted revenue of $1.17 billion in the period, which matched Street forecasts. In the final minutes of trading on Thursday, shares hit $18.66, a drop of 37% in the last 12 months.
LEAWOOD, Kan. (AP) _ AMC Entertainment Holdings Inc. (AMC) on Thursday reported a loss of $121.6 million in its second quarter.
The Leawood, Kansas-based company said it had a loss of 24 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share. The movie theater operator posted revenue of $1.17 billion in the period, which matched Street forecasts. AMC Entertainment shares have declined 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.66, a drop of 37% in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMC at https://www.zacks.com/ap/AMC
