AMC Stock Falls 4.6% in Morning Trading After 14th Consecutive Quarterly Loss
@Tiger_Newspress:
AMC shares fell 4.6% in morning trading. AMC Entertainment Holdings Inc. reported a loss for a 14th consecutive quarter and fourth consecutive year Tuesday.The movie-theater chain and meme-stock phenomenon topped Wall Street's reduced targets for the holiday quarter, reporting a net loss of $287.7 million, or 26 cents a share, compared with a net loss of 13 cents a share in the same period last year. On an adjusted basis, AMC $(AMC)$ reported a net loss of 14 cents a share, worse than a loss of 6 cents a share last year. The company has not reported a profitable quarter on a GAAP basis since nearly a year before the pandemic, in the second quarter of 2019, and has not been profitable for a full year since 2018.AMC reported fourth-quarter sales