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Actionable news in AMC: AMC ENTERTAINMENT HOLDINGS Inc,

Theater chain AMC craters 26% after previewing dramatic quarterly loss, cost-cutting measures

Shares of AMC Entertainment plummeted after the company previewed a dramatic quarterly loss, unveiled a cost reduction plan and forecast a "very challenging third quarter."

Here's what the company projects for its second quarter, compared to Wall Street projections, according to Thomson Reuters consensus estimates:

  • Loss per share: $1.34 to $1.36, vs. 1 cent expected
  • Revenue: $1.200 billion to $1.204 billion, vs. $1.249 billion expected.

In the year-ago quarter, the company reported...


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