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Actionable news in RGC: REGAL ENTERTAINMENT GROUP,

AMC hits record low as unrelentingly poor box office continues to take a toll

Shares of AMC Entertainment Holdings Inc. were trading at record lows on Wednesday, after the company said it expects second-quarter earnings will be worse than previously expected.

The cinema chain’s stock fell as much as 27% from Tuesday’s close, trading at its lowest level since going public in 2013.

AMC AMC, +7.62% said on Tuesday that not only would the company swing to a loss in the quarter, but that it would be wider than analysts surveyed by FactSet were expecting. AMC forecasts a loss of between $178.5 million and $174.5 million, while the FactSet consensus was for a loss of $8.0 million.

Also read: AMC shares plummet after company issues Q2...


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