AMC Entertainment Sees Massive Q1 Losses Of Up To $2.4B On Writedowns In Preliminary Earnings Report

said it expects to report ballooning losses of between $2.1 and $2.4 billion for the first quarter ended in March on one-time charges compared with losses of $130 million the year before.

“We believe, but cannot guarantee, that the exhibition industry will ultimately rebound and benefit from pent-up social demand for out-of-home entertainment, as government restrictions are lifted and home sheltering subsides.

Net cash provided by operating activities, investing activities and financing activities to be $ million, $ and $312.4, respectively, compared with $1.4 million, $ million and $ million for the three months ended March 31, 2019, respective

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon cuts workers' $2 hazard pay as coronavirus continues spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. BorisJohnson WARNED CHINA to step back from the brink over the national security law in HongKongProtests How does a billionaire do it? How can one person be so damned cheap to the people that help make him wealthy? I don't get it. Fuck JeffBezos by high tax. Time to reduce the gap in the society by regulatory reform. Riches are always having an undue advantage all time. Amazon killed small businesses and now killing its employees.
Source: BusinessInsider - 🏆 729. / 51 Read more »