LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Monday reported a loss of $127.4 million in its fourth quarter.
On a per-share basis, the Leawood, Kansas-based company said it had a loss of 25 cents. Losses, adjusted for one-time gains and costs, came to 18 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 20 cents per share.
The movie theater operator posted revenue of $1.29 billion in the period.
For the year, the company reported that its loss widened to $632.4 million, or $1.34 per share. Revenue was reported as $4.85 billion.
The company’s shares closed at $1.20. A year ago, they were trading at $3.43.
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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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