Walt Disney Co. wrapped up its fiscal year Tuesday with record sales and its best revenue growth in more than 25 years, but a miss on earnings and revenue for the fourth quarter hurt the stock Tuesday afternoon. Read More...
MarketWatch
AMC stock tumbles after reporting 12th consecutive quarterly loss
AMC Entertainment Holdings Inc. reported its 12th consecutive quarterly loss and revenue that topped analysts’ estimates after market close on Tuesday, sending shares lower in after-hours trading. The movie-theater chain and meme stock phenomenon reported a third-quarter net loss of $226.9 million, or a net loss of 22 cents a share, compared with a net loss of $224.2 million, or a net loss of 22 cents a share, in the same period last year. On an adjusted basis, AMC (AMC) reported a net loss of 20 cents a share, better than an adjusted loss of 27 cents a share a year ago.
