Stock Track | AMC Entertainment Shares Plunge as Q2 Loss Widens on Fewer Movie Releases

Stock Track07-24

AMC Entertainment Holdings Inc. shares plunged nearly 7% on Wednesday after the movie theater chain reported a wider-than-expected loss for the second quarter, citing the impact of fewer major movie releases due to last year's Hollywood strikes.

The company said it expects to report a net loss of $32.8 million for the second quarter, compared to a profit of $8.6 million a year earlier. Revenue for the quarter came in at $1.03 billion, slightly above analysts' estimates of $1.03 billion.

AMC's CEO Adam Aron acknowledged the challenges faced by the company due to the strikes, but expressed optimism about the upcoming movie slate, saying "better times are ahead." The company recently enjoyed a busy July 4 weekend, boosted by the release of "Despicable Me 4" and the continued success of Pixar's "Inside Out 2."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1124832439?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-24 21:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1124832439","market":"hk","top_or_hot":-1,"title":"Stock Track | AMC Entertainment Shares Plunge as Q2 Loss Widens on Fewer Movie Releases","media":"Stock Track","content":"<p>AMC Entertainment Holdings Inc. shares plunged nearly 7% on Wednesday after the movie theater chain reported a wider-than-expected loss for the second quarter, citing the impact of fewer major movie releases due to last year's Hollywood strikes.</p>\n\n<p>The company said it expects to report a net loss of $32.8 million for the second quarter, compared to a profit of $8.6 million a year earlier. Revenue for the quarter came in at $1.03 billion, slightly above analysts' estimates of $1.03 billion.</p>\n\n<p>AMC's CEO Adam Aron acknowledged the challenges faced by the company due to the strikes, but expressed optimism about the upcoming movie slate, saying \"better times are ahead.\" The company recently enjoyed a busy July 4 weekend, boosted by the release of \"Despicable Me 4\" and the continued success of Pixar's \"Inside Out 2.\"</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | AMC Entertainment Shares Plunge as Q2 Loss Widens on Fewer Movie Releases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | AMC Entertainment Shares Plunge as Q2 Loss Widens on Fewer Movie Releases\n</h2>\n\n<h4 class=\"meta\">\n\n2024-07-24 21:55 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment Holdings Inc. shares plunged nearly 7% on Wednesday after the movie theater chain reported a wider-than-expected loss for the second quarter, citing the impact of fewer major movie ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMC","symbol_name":"AMC院线","start_time":0,"source_url":"","article_id":"1124832439","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124832439","pubTimestamp":1721829300,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"AMC Entertainment Holdings Inc. shares plunged nearly 7% on Wednesday after the movie theater chain reported a wider-than-expected loss for the second quarter, citing the impact of fewer major movie releases due to last year's Hollywood strikes.The company said it expects to report a net loss of $32.8 million for the second quarter, compared to a profit of $8.6 million a year earlier. Revenue for the quarter came in at $1.03 billion, slightly above analysts' estimates of $1.03 billion.AMC's CEO ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AMC":"AMC院线"},"translate_title":"由于电影上映减少，第二季度亏损扩大，AMC院线股价暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMC":1},"content_text":"AMC Entertainment Holdings Inc. shares plunged nearly 7% on Wednesday after the movie theater chain reported a wider-than-expected loss for the second quarter, citing the impact of fewer major movie releases due to last year's Hollywood strikes.\nThe company said it expects to report a net loss of $32.8 million for the second quarter, compared to a profit of $8.6 million a year earlier. Revenue for the quarter came in at $1.03 billion, slightly above analysts' estimates of $1.03 billion.\nAMC's CEO Adam Aron acknowledged the challenges faced by the company due to the strikes, but expressed optimism about the upcoming movie slate, saying \"better times are ahead.\" The company recently enjoyed a busy July 4 weekend, boosted by the release of \"Despicable Me 4\" and the continued success of Pixar's \"Inside Out 2.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1124832439"}