LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Tuesday reported a loss of $117.1 million in its first quarter.
The Leawood, Kansas-based company said it had a loss of 22 cents per share. Losses, adjusted for non-recurring gains, came to 36 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
The movie theater operator posted revenue of $1.05 billion in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $997.7 million.
In the final minutes of trading on Tuesday, the company’s shares hit $1.59. A year ago, they were trading at $2.64.
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