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AMC Entertainment Beats Street As Q2 Sales Jump, Losses Narrow: CEO Adam Aron – Chain “Not Out Of Woods” But “Happy Hollywood Ending” On The Way

AMC Entertainment Beats Street As Q2 Sales Jump, Losses Narrow: CEO Adam Aron – Chain “Not Out Of Woods” But “Happy Hollywood Ending” On The Way

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AMC Entertainment saw revenue surge to $444 million last quarter from a pandemic-stalled $18.9 million a year ago. Net losses narrowed to $349 million from $561 million. Both beat Wall Street estimates, plumping the volatile stock by more than 7% in late trading. The nation’s biggest theater chain which struggled mightily to avoid bankruptcy for…

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