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Curtain Comes Down on AMC Entertainment Following Wider-Than-Expected Loss

Rob Lenihan

declined Thursday, tumbling 10.4% to $13.12, after the theater chain company missed Wall Street's first-quarter earnings forecasts. The Leawood, Kansas-based company reported a net loss of $130.2 million or $1.25 a share, down from earnings of $17.7 million or 14 cents a year ago, and wider than analysts' expectations of a loss of 55 cents a share. The wider loss was partially due to a 12.2% decline in attendance, AMC said.