AMC Entertainment Stock Is Tumbling Monday: What's Going On?
Portfolio Pulse from Adam Eckert
AMC Entertainment Holdings Inc (NYSE:AMC) shares are trading lower following the company's second-quarter financial results. AMC reported revenue of $1.03 billion and an adjusted loss of 43 cents per share. Despite achieving its highest adjusted EBITDA in June, the stock is down 14% due to initial slow performance in the quarter and ongoing market concerns.
August 05, 2024 | 1:03 pm
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AMC Entertainment reported Q2 revenue of $1.03 billion and an adjusted loss of 43 cents per share. Despite achieving its highest adjusted EBITDA in June, the stock is down 14% due to initial slow performance in the quarter and ongoing market concerns.
The stock price is reacting negatively to the Q2 results, which included an adjusted loss and initial slow performance in the quarter. Despite a strong finish and record adjusted EBITDA in June, market concerns and the overall negative sentiment are driving the stock down.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100