Page 9 - மக் பொழுதுபோக்கு ஹோல்டிங்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
В Красноярске водяной аркой встретили самолёт из Благовещенска
krsk.kp.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from krsk.kp.ru Daily Mail and Mail on Sunday newspapers.
AMC Entertainment shares soar as much as 52%, hitting 4-year high
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Author Bio
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You ll often find him writing about stocks in the consumer goods and technology sectors. Follow @TMFParkev
AMC Entertainment Holdings (NYSE:AMC) is having a hard time bouncing back from the adverse financial effects of the coronavirus pandemic. Last year, the movie theater chain had to shut its doors, cutting off nearly 100% of its revenue.
That has led to cascading consequences. For instance, movie studios have started releasing new films simultaneously on streaming platforms and the big screen. In addition, the extended shutdown is raising liquidity problems at AMC. That s why the one thing you must know from AMC s earnings report is how much cash it burned through in the first quarter of 2021.
Operator
Greetings, and welcome to the AMC Entertainment first-quarter 2021 earnings conference call. [Operator instructions] As a reminder, this call is being recorded today, Thursday, May 6, 2021. I d now like to turn the call over to John Merriwether, vice president, investor relations.
John Merriwether
Vice President, Investor Relations
Thank you. Good afternoon. I d like to welcome everyone to AMC s first-quarter 2021 earnings webcast. With me this afternoon is Adam Aron, our president and chief executive officer; and Sean Goodman, our chief financial officer.
Before I turn the webcast over to Adam, let me remind everyone that some of the comments made by management today during this webcast may contain forward-looking statements that are based on management s current expectations. Numerous risks, uncertainties, and other factors may cause actual results to differ materially from those that might be expressed today. Many of these risks and uncertainties are discussed in
Author Bio
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You ll often find him writing about stocks in the consumer goods and technology sectors. Follow @TMFParkev
AMC Entertainment Holdings (NYSE:AMC) was one of the companies hardest hit by the coronavirus pandemic. Nearly all of its roughly 1,000 movie theaters had to shut their doors to guests at some point in 2020, cutting off virtually 100% of the theater chain s revenue.
Now, as states have begun easing restrictions on businesses, roughly 98% of AMC theaters have reopened to the public (although many still operate with restricted seating). Still, moviegoers have not yet flocked back to theaters despite now having the option to do so.
vimarsana © 2020. All Rights Reserved.