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AMC Theatres Reports $2.2 Billion Loss, Aims to Fully Reopen in July
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variety.com
variety.comAdam Aron said in a statement. “We are confident we are taking the necessary steps on a broad array of fronts to ensure AMC’s future success as we navigate these turbulent and uncertain times.”In an earnings call with analysts shortly after numbers were disclosed, Aron downplayed suggestions that the company might be forced to contend with a cash crunch.“In the end, AMC will both succeed and prosper,” he said.The earnings report reflected the unprecedented disruption caused by the coronavirus closures.
The losses included $1.85 billion in impairment charges. In the prior-year quarter AMC suffered a loss of $130 million. Adjusted net losses per share was $2.22.
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