AMC Entertainment shares are trading lower after the company announced preliminary Q2 results and said the actors and writers strikes of 2023 reduced the number of movies being released theatrically in the early months of 2024.
Portfolio Pulse from Benzinga Newsdesk
AMC Entertainment shares are trading lower after the company announced preliminary Q2 results and highlighted the impact of the 2023 actors and writers strikes on the number of movies being released in early 2024.
July 24, 2024 | 2:56 pm
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AMC Entertainment shares are trading lower following the announcement of preliminary Q2 results. The company also noted that the 2023 actors and writers strikes have reduced the number of movies being released theatrically in early 2024.
The preliminary Q2 results likely fell short of investor expectations, leading to a decline in share price. Additionally, the reduced number of movie releases in early 2024 due to the strikes could negatively impact future revenues.
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