AMC Entertainment Logs Wider Loss, Lower Sales as Box Office Hits Low
AMC Entertainment reported a loss of $202.1 million, compared with a loss of $163.5 million a year earlier.
Photo: Sergio Flores/Bloomberg News
AMC Entertainment AMC 1.12%increase; green up pointing triangle posted a wider loss and lower sales in the first quarter as box office results hit its lowest level in nearly three decades. Still, the company remains optimistic about the year ahead, citing a recent turnaround in trends and strong slate of upcoming movies.
The movie theater operator on Wednesday reported a loss of $202.1 million, or 47 cents a share, compared with a loss of $163.5 million, or 62 cents a share, a year earlier.
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