AMC Entertainment Posts Worst Quarter in Its 100-Year History

AMC Entertainment Holdings' (NYSE: AMC) second-quarter results, released yesterday, were its worst ever, showing revenue was all but vaporized by the coronavirus pandemic, causing a massive loss for the period.

Yet because it was able to reach an agreement with its lenders and also recently signed an agreement with Comcast's (NASDAQ: CMCSA) film studio Universal Pictures that could fundamentally change the industry, AMC could be in a position to thrive once normalcy returns.

Image source: Getty Images.

Continue reading

Source Fool.com