AMC Entertainment Expects Q2 Loss, Lower Revenue

MT Newswires Live07-24

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.

Preliminary Q2 revenue for the quarter ended June 30 is estimated at $1.03 billion, compared with $1.35 billion a year ago.

Analysts surveyed by Capital IQ expect $1.03 billion.

The company is scheduled to release its Q2 financial results after the market closes on Aug. 2.

AMC's shares were down 5.9% in recent trading.

Price: 4.78, Change: -0.30, Percent Change: -5.91

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