India, July 20 -- Movie theater chain AMC Entertainment Holdings Inc. (AMC) on Monday reported a wider second-quarter loss despite higher revenue, primarily due to increased other expenses. However, the company returned to profitability on an adjusted basis, and its shares surged more than 15% in pre-market trading.
Net loss widened to $11.40 million, or $0.02 per share, from $4.70 million, or $0.01 per share loss, in the prior-year quarter.
The company recorded other expense of $109.60 million in the quarter, compared with other income of $32.10 million a year earlier.
Excluding one-time items, AMC posted adjusted earnings of $105.70 million, or $0.14 per share, compared with a loss of $0.50 million in the prior-year period.
Operating ...