AMC Entertainment Holdings, Inc. Reports Third Quarter 2020 Results

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Go back to AMC Entertainment Holdings, Inc. Reports Third Quarter 2020 Results

AMC Entertainment (AMC) Posts Wider Q3 Loss

November 2, 2020 4:18 PM EST

AMC Entertainment (NYSE: AMC) reported Q3 EPS of ($5.70), $0.75 worse than the analyst estimate of ($4.95). Revenue for the quarter came in at $119.5 million versus the consensus estimate of $160.89 million.

Adam Aron, CEO and President of AMC commented, The magnitude of the impact of the global pandemic on the theatrical exhibition industry was again evident in our third quarter results, as theatre operations in the U.S. were suspended for nearly two-thirds of the quarter. And yet, despite unrelenting obstacles, the AMC team continued to make significant progress in pursuit of our three key... More