Despite a “dearth” of new movie titles in part of the quarter, analysts surveyed by FactSet are looking for $AMC to report a net loss of $199 million, or 18 cents a share, after a loss of $224 million, or 27 cents a share, in the prior year’s quarter.
AMC Entertainment Holdings Inc. reports third-quarter results on Nov. 8, with the meme-stock darling grappling with a “dearth” of major new movie titles in August and September.
In its second quarter, AMC reported a narrowing loss that beat expectations, along with revenue that was in line with analysts’ forecasts. However, it said that this year’s third quarter would be relatively quiet in terms of major movie releases. In August, when AMC reported its second-quarter results, CEO Adam Aron spoke of the “dearth” of big titles being released in that month and September, adding that “things will slow for several weeks.
Nonetheless, the last few months have been eventful for AMC. The company’s AMC Preferred Equity Units, or APEs APE, -3.68%, made their trading debut in August, sparking volatility and heralding the latest chapter in an eventful journey that took the cinema chain from beleaguered pandemic victim to meme-stock phenomenon.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More than 400 transports in August for overdoses in Jacksonville, JFRD saysThere were 435 overdose transports in August of this year, according to data from JFRD. In 2020, there were 491 transports for drug overdoses in the whole year.
Read more »
Sci-fi drama ‘Westworld’ canceled by HBO after 4 seasonsHBO has pulled the plug on “Westworld,” its Emmy-winning sci-fi drama. The cancellation comes less than three months after its fourth season concluded in August.
Read more »
Joe Russo Calls ‘Batgirl’ Cancellation 'Corporate Sociopathy'Joe Russo calls the 'Batgirl' cancellation 'corporate sociopathy.'
Read more »
Black Panther’s Ryan Coogler Recalls Last Phone Call With Chadwick BosemanWakanda Forever. 💔 BlackPanther director Ryan Coogler opened up about his final conversation with the late Chadwick Boseman.
Read more »
US: Hyundai Ioniq 5 Sales Increased Slightly In OctoberSales of the all-electric Hyundai Ioniq 5 amounted to 1,579 last month, which is slightly better than in September and August.
Read more »
Taylor Swift adds more dates to 'Eras' tour, including a third show in the L.A. areaTaylor Swift has added eight more shows to her Eras stadium tour, including a third L.A.-area show at SoFi Stadium in August to close out U.S. leg.
Read more »