AMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back

(Bloomberg) -- AMC Entertainment Holdings Inc. reported a first-quarter loss of $567.2 million, more than Wall Street expected, as moviegoers trickled back to reopened cinemas but continued to show concerns about the pandemic.

• The loss amounted to $1.42 a share, AMC said Thursday, smaller greater than the $1.31 a share loss that analysts had expected, on average. Revenue slid 84% to $148.3 million, missing analysts’ predictions of $156.3 million. There was little new to see in theaters during the period.
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Key Insights

Market Reaction

• AMC shares were little changed in extended trading after the results were announced. They had gained 325% through the close Thursday in New York, buoyed by the social media attention.

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