Shares of AMC Entertainment (AMC) are sinking after the company announced preliminary second quarter results and projected a loss of $32.8 million. Catalysts...
break down the movie theater giant's early second quarter results and how the WGA and SAG-AFTRA strikes affected its earnings.We are watching a MC announcing preliminary results this morning, the company projecting a loss of $32.8 million for the second quarter after reporting $8.6 million in profit just a year ago.So just to run through some of these numbers from the two preliminary results adjusted even.That was 84% lower than the two Q 2023 number was, but it was two times consensus.
That is a really big decline there, their CEO saying that as we accurately predicted and previously disclosed, the prolonged actors and writers strike that happened last year in 2023 severely reduced the number of movies that are being released theatrically here in the early months of 2024 going to some of the points that you were making earlier here.And he's saying that this explains the weakness in our pre lien second quarter results, as contrasted with the same quarter of a year ago.
Production has halted at a Missouri General Motors plant that manufactures trucks and vans, the result of a strike at the company that supplies seats for the vehicles. About 480 workers at Lear Corp. in Wentzville walked out at midnight Sunday. The strike brought production to a standstill Monday at the GM plant in Wentzville, about 40 miles west of St. Louis, where the Chevrolet Colorado and GMC Canyon midsize trucks, along with the Chevrolet Express and GMC Savana full-size vans are made.
Summer colds and flu are more common than you think. Here's how to tell if you have one — and how to treat it. According to my Facebook groups, 60-year-old bargain hunters say this $5 mascara creates the 'longest lashes ever'CeeDee Lamb is not reporting to training camp while he waits for a new contract, a person familiar with the All-Pro wide receiver's decision told The Associated Press on Wednesday.
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