BUZZ-AMC expects drop in Q1 revenue; shares slide

Reuters04-29

** Shares of AMC Entertainment Holdings slump 12.9% to $2.97 after theater chain announces preliminary results

** Co expects Q1 revenue of $951.4 mln, lower than $954.4 mln a year-ago

** However, it expects to post a narrower loss per share, compared to last year

** Adverse impact of 2023 Hollywood writers and actors strikes on Q1 results, continue to see impact in Q2 - CEO Adam Aron

** Barrington Research says co's flat preliminary results still above brokerage's estimates, in the backdrop of domestic industry logging losses

** Brokerage expects improved profitability and leverage in 2025, with increased releases driving higher box office

** Co is expected to report its Q1 results on May 8

** AMC shares lost almost 83% in 2023, and have halved so far this year, extending the fall

(Reporting by Purvi Agarwal in Bengaluru)

((Purvi.Agarwal@thomsonreuters.com))

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