AMC beats reduced targets for losses and revenue in holiday quarter, shares initially gain but then fall to a loss in after-hours trading
AMC Entertainment Holdings Inc. reported a loss for a 14th consecutive quarter and fourth consecutive year Tuesday, and shares fell in after-hours trading.
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…