On July 25th, Guolonghui reported that AMC Entertainment (AMC.US) fell 7.68% overnight to $4.69. On the news front, AMC warned that some performance indicators may not have met market expectations as of the end of June, the second quarter of this year. According to preliminary accounts, AMC will report a net loss of $32.8 million in the second quarter, compared to a profit of $8.6 million in the same period last year; revenue for the period was $1.03 billion, down 23% year-on-year. The company will officially release its second-quarter earnings report on August 2. AMC pointed out that the Hollywood screenwriters' and actors' strikes last year resulted in some large-scale production films not being released in the second quarter of this year, which hit box office revenue and led to poor performance. The company believes that the overall box office situation for the year should remain strong.
美股异动丨AMC院线收跌超7.6% 警告Q2收入将同比下滑23%并录得盈转亏
US stock market abnormality｜AMC Entertainment fell more than 7.6%, warning that Q2 revenue will decline by 23% year-on-year and record a profit-to-loss conversion.
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