AMC Q2 Earnings Preview: Is the Bleeding Done?
AMC Entertainment Holdings (NYSE: AMC) reports second-quarter earnings on Monday, Aug. 9. The company was devastated by the onset of the pandemic when it had to shut its doors to viewers worldwide. That led AMC to start burning through hundreds of millions of dollars as expenses piled on with no revenue coming in.
There is some light at the end of the tunnel for the movie theater company. Economies are reopening, and folks are returning to movie theaters. That means there's a possibility that AMC will announce it has stopped the bleeding when it reports earnings on Monday.
AMC stock is still up over 1,400% in 2021. Image source: Getty Images.
Source Fool.com
