Shares of AMC Entertainment rose 4% in extended trading Monday after the company posted a narrower-than-expected second-quarter loss.
Although the movie theater operator’s CEO warned the company still has challenges ahead, AMC said it could post a profit as soon as the fourth quarter, if the domestic box office reaches at least $5.2 billion.
“AMC’s journey through this pandemic is not finished, and we are not yet out of the woods,” CEO Adam Aron said in a statement Monday. “However, while there are no guarantees as to what the future will bring in a still infection-impacted world, one can look ahead and envision a happy Hollywood ending to this story.”
Aron made a number of announcements…