LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Wednesday reported a third-quarter loss of $20.7 million, after reporting a profit in the same period a year earlier.
The Leawood, Kansas-based company said it had a loss of 6 cents per share. Losses, adjusted for non-recurring costs, came to 4 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The movie theater operator posted revenue of $1.35 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.33 billion.
In the final minutes of trading on Wednesday, the company’s shares hit $4.58. A year ago, they were trading at $10.95.
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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
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