AMC Stock Plunges 11% as Theater Chain Warns of Lower Revenue
AMCAMC(AMC) InvestorPlace·2024-04-30 02:41

Cineplex operator AMC Entertainment (NYSE:AMC) is attempting to instill faith in investors, though Monday’s 11% decline obviously isn’t helping. A disappointing financial disclosure combined with a seeming disconnect in messaging has clouded AMC stock.Last Friday, AMC head executive Adam Aron posted satisfaction with the company’s financial results, noting that they were “stronger than consensus analysts estimates.” Per the official press release, net loss for the quarter ended March 31 will come in at $163 ...