AMC shares rise 2% on reopening of theaters in U.S. — about 539 of 600

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AMC Entertainment Holdings Inc. shares were up 2% in after-hours trading Monday after the theater chain reported that 539 of its 600 theaters in the U.S. had reopened in the third quarter. AMC reported a fiscal third-quarter loss of $905.8 million, or an adjusted $5.70 a share, compared with a net loss of $54.8 million, or an adjusted 55 cents a share, in the year-ago quarter. Revenue plummeted 91% to $119.5 million from $1.32 billion a year ago. Analysts surveyed by FactSet had expected a loss of $4.85 a share on revenue of $84 million. AMC shares are down 70% this year as the company continues to suffer from shuttered theaters across the nation because of the coronavirus pandemic. The broader S&P 500 index has inched up 2.5% in 2020.
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