Coronavirus pandemic reports 2020

AMC Theatres Lost $561 Million During Second Quarter

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thewrap.com

via Yahoo! Finance expected the company’s loss per share to slightly better at $4.29Revenue in the second quarter was just $19 million, down roughly 99% from the $1.5 billion in revenue AMC reported last year.

Analysts were anticipating $11.9 million in revenue.Also Read: Busted Windows: How AMC-Universal Deal Could Upend the Studio-Theater Business Model“It should be no surprise to anyone that with our operations shut the world over, and almost no revenues coming in the door, this was the most challenging quarter in the 100-year history of AMC.

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