The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank.AaronP/Bauer-Griffin | GC Photos | Getty PhotosShares of AMC Leisure rose 4% af
The AMC Burbank 16 and the Batman bronze statue in Downtown Burbank.
AaronP/Bauer-Griffin | GC Photos | Getty Photos
Shares of AMC Leisure rose 4% after the corporate posted a narrower-than-expected loss in the course of the second quarter.
This is what the corporate reported in contrast with what Wall Road was anticipating, based mostly on a survey of analysts by Refinitiv:
- Losses per share: 71 cents vs. 91 cents anticipated
- Income: $444.7 million vs. $382.1 million anticipated
AMC posted a web lack of $344 million, or 71 cents per share, in contrast with a lack of $561.2 million, or $5.38 per share, a yr in the past. Analysts had anticipated the corporate to lose 91 cents per share, in line with information from Refinitiv.
The movie show chain reported income of $444.7 million, greater than the $382.1 million analysts had anticipated.
“AMC’s journey by means of this pandemic will not be completed, and we’re not but out of the woods,” CEO Adam Aron mentioned in a press release Monday. “Nonetheless, whereas there aren’t any ensures as to what the longer term will usher in a nonetheless infection-impacted world, one can look forward and envision a contented Hollywood ending to this story.”
This can be a breaking information story. Please verify again for updates.