AMC Cuts Losses in the Second Quarter to $344 Million

AMC Cuts Losses in the Second Quarter to $344 Million

(AMC) AMC’s net loss for the quarter ending June 30 was $344.0 million, down from a loss of $561.2 million in the comparable quarter of 2020.

Revenue for the second quarter was $444.7 million, up from $18.9 million in the comparable quarter of 2020.

For the first six months of the year, revenues fell to $593.0 million, from $960.4 million in the comparable period of 2020.

Net loss for the first six months of the year fell to $911.2 million or $2.07, from a loss of $2.74 billion or $26.27 in the comparable period of 2020.

Basic and diluted loss per share was $0.71 in the second quarter, a decline from a loss of $5.38 in the comparable quarter of 2020.

AMC: NYSE is up +9.47%.

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