It was, by most measures, a bad few months to be a major theater chain.And AMC Entertainment as the world’s biggest exhibitor, felt the burn from a series of flop films and underperforming blockbuster hopefuls during its most recent quarter.
The company’s revenues fell 13.2% to $1.2 billion, while the company suffered an adjusted loss of $1.21 per share.
It also recorded a net loss of $130.2 million.The losses were worse than anticipated.
Wall Street analysts had predicted that AMC would show a loss of 54 cents a share.
However, the revenues were slightly better than the consensus estimate of $1.19 billion.The movie business was in a funk for the first three months of 2019.
“Captain Marvel” was a hit, grossing more than $1.1 billion globally, as was Jordan Peele’s thriller “Us,” but the rest of the pickings were slim, at least when it came to movies people wanted to see.
The
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