Latest in AMC shares

Stocks fell broadly on economic jitters with AMC Entertainment and Paramount struggling to stay in the green in late-morning trading after the biggest Memorial Day movie opening ever in Top Gun: Maverick. Things change fast lately on a Wall Street buffeted by the latest news on war, inflation and interest rates, so…

AMC Entertainment offered a preview of its quarterly earnings Tuesday, anticipating revenue for the three months ended in March of $148 million, way down from $941.5 million the year before as the box office struggled to revive amid the global pandemic. AMC expects to announce a net loss of between $572 million and…

UPDATED after market close:  The Dow closed at 29,662.42, up 1,339 points or 4.3% — off its earlier highs but still reflecting a massive gain for one session. A swell of optimism that a vaccine by Pfizer said to be 90% effective in preventing COVID-19  could by submitted for emergency authorization to the FDA by the…

Giant exhib AMC Entertainment 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. Announcing preliminary results Wednesday, it anticipated revenue of $941 million last quarter versus…

Media shares and markets opened higher Tuesday after a sickening plunge the day before saw the DJIA’s worst point loss ever and a rare circuit breaker temporarily halt trading. Walt Disney joined the rally, up more than 3% in mid-morning, shrugging off a report that the conglom’s domestic parks will likely need to…