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AMC Entertainment Posts Loss In Q2 Due To Moribund Spring Box Office, But Results Match Wall Street Estimates And Stock Ticks Up
Exhibitor AMC Entertainment posted a loss of 10 cents a share and saw revenue slide 24% in the second quarter due to the strike-hit movie pipeline.
'The Fall Guy'Universal Top exhibitor AMC Entertainment posted a loss of 10 cents a share and saw revenue slide 24% in the second quarter due to the strike-hit movie pipeline. Though they may have been shaky, however, the financials matched Wall Street analysts’ estimates and shares in AMC gained ground in after-hours trading. After an unnervingly quiet spring and major disappointments like Fall Guy in what is usually the kickoff to summer in early May, the triumph of Inside Out 2 sparked a revival that has continued through the current Deadpool and Wolverine heyday.
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