LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Friday reported a loss of $235.5 million in its first quarter.
The Leawood, Kansas-based company said it had a loss of 17 cents per share. Losses, adjusted for one-time gains and costs, were 13 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
The movie theater operator posted revenue of $954.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $936.9 million.
AMC Entertainment shares have climbed 45% since the beginning of the year. The stock has declined 62% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMC at https://www.zacks.com/ap/AMC
