AMC Theatres swung to a fourth-quarter loss on lower U.S. theater attendance and a one-time impairment charge, even as overall revenues rose 2.4 percent
Exhibition giant AMC Theatres, which is owned by China's Dalian Wanda Group, on Thursday swung to a fourth-quarter loss on lower U.S. theater attendance and a one-time impairment charge, even as overall revenues rose 2.4 percent.
The diluted earnings per share came to a loss of 13 cents, against a year-earlier per-share profit of 43 cents. The per-share loss missed on a Wall Street forecast for a profit of 10 cents. AMC Theatres said its ticket subscription service, Stubs A-List, now has more than 900,000 members. That comes as rival MoviePass went out of business.
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