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LEAWOOD, Kan. (AP) — LEAWOOD, Kan. (AP) — AMC Entertainment Holdings Inc. (AMC) on Wednesday reported a loss of $202.1 million in its first quarter.
The Leawood, Kansas-based company said it had a loss of 47 cents per share. Losses, adjusted for non-recurring gains, were 58 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.
The movie theater operator posted revenue of $862.5 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $839 million.
In the final minutes of trading on Wednesday, the company's shares hit $2.71. A year ago, they were trading at $3.19.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMC at https://www.zacks.com/ap/AMC