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MarketWatch MarketPulseJun 03, 2020
AMC Entertainment warns of first-quarter loss as theaters remain closed during coronavirus pandemic
AMC Entertainment Holdings Inc. said Wednesday it expects its first-quarter net loss to range from $2.117 billion to $2.417 billion, as it books an impairment charge on estimated long lived assets and goodwill of $1.8 00 billion to $2.100 billion. The company had a net loss of $130.2 million for the three months ended March 31, 2019. The cinema chain has taken a hit during the coronavirus pandemic as its theaters have been closed and are expected to reopen with reduced capacity to allow for social distancing. The company is expecting an adjusted loss of $224.5 million, wider than the adjusted loss of $101.8 million posted a year ago. It expects revenue of about $941.5 million, down from $1.200 billion a year ago. The company will report first-quarter earnings after market close on June 9. AMC had a cash balance of $718.3 million as of April 30, including borrowings. It had net cash from operating activities, investing activities and financing activities of a negative $184.0 million, a negative $87.4 million and a negative $312.4, respectively, compared with $1.4 million, a negative $98.5 million and a negative $33.9 million a year ago. Adjusted free cash flow for the first quarter came to a negative $220 million and free cash flow was a negative $275.7 million. Shares fell 2.5% premarket and are down 23% in the year to date, while the S&P 500 has fallen 5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters Company NewsJun 03, 2020
CEE MARKETS-Stocks rise, currencies stable on economic hope
Central European stocks rose on Wednesday and currencies held on to their gains as the lifting of lockdown measures and hopes of more economic stimulus measures fueled global market optimism. The economic crisis caused by the coronavirus pandemic had hammered currencies in the region, but a new risk-on mood has helped them to recoup a significant part of their losses. Most CEE currencies were stable. The forint eased 0.14% on the

CNBC FinanceJun 03, 2020
Stock market live updates: Dow futures up 200, Nasdaq-100 nears record, reopening trades up again
Investors clung to optimism for a smooth economic reopening as more coronavirus restrictions started to ease.

MarketWatch MarketPulseJun 03, 2020
Dunkin' stock rises as same-store sales show improvement over the past month
Shares of Dunkin' Brands Group Inc. rose 1.7% in premarket trading Wednesday after the coffee and ice cream seller provided a mid-quarter sales update, which showed improvement over the last month in its U.S. Dunkin' and Baskin-Robbins sales, helped by strength in drive-thru sales and a jump in midday sales. For the eight weeks ended May 23, same-store sales for open Dunkin' U.S. stores fell 23%, but improved to a decline of 15% for the week ended May 23 from a drop of 25% for the week ended April 25. The company said the improvement was driven by strong sales at drive-thru stores, double-digit percentage year-over-year same-store sales growth during the 11 a.m to 2 p.m. time period and increased sales through the Dunkin' app, delivery and curbside. For open Baskin-Robbins U.S. stores, quarter-to-date same-store sales fell 10.5%, with sales improving to flat for the week ended May 23 from down 10% for the week ended April 25. AS of May 23, about 650 of 9,637 Dunkin' U.S. stores were closed as a result of the COVID-19 pandemic. The stock has declined 4.4% over the past three months through Tuesday, while the S&P 500 has gained 2.6%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Canada Goose shares rise after earnings beat expectations (MarketWatch MarketPulse)

MarketWatch MarketPulseJun 03, 2020
Dow futures up 230 points after ADP jobs report shows a cooler-than-expected 2.76 million job losses in May
U.S. stock-index futures Wednesday morning added to solid gains after a private-sector labor-market report came in much cooler than expected. Data from Automatic Data Processing Inc. showed that 2.76 million jobs were lost in May, but that figure was far weaker than consensus expectations for a loss of jobs 8.663 million, compared with April's tally for a loss of 20.236 million. Futures for the Dow Jones Industrial Average were up 230 points, or 0.9%, at 25,930, those for the S&P 500 index were up 0.6% at 3,096, while Nasdaq-100 futures were gaining 0.4% at 9,685. The ADP data come ahead of U.S. unemployment figures in the nonfarm private sector that will disclosed on Friday, and will likely show that unemployment in the U.S. for May has approached 19% amid the COVID-19 pandemic.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJun 03, 2020
Market Snapshot: Dow futures up 190 points as investors await private-sector jobs report
U.S. stock-index futures point to further gains on Wednesday after the stock market closed at its highest level since early March during Tuesday's regular session.

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MarketWatch MarketPulseJun 03, 2020
Seagate Technology offer senior notes due 2031
Seagate Technology plc said Wednesday its Seagate HDD Cayman subsidiary is planning to offer senior notes due 2031 in a private placement. Proceeds of the deal will be used to finance the cash portion of concurrent tender offers for its 4.750% notes due 2023 and 4.250% notes due 2022. Any remaining proceeds will be used for general corporate purposes, including repaying debt, capex and other investments in its data storage business. Shares were up 0.6% premarket, but are down 11% in the year to date, while the S&P 500 has fallen 5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsJun 02, 2020
Dow Jones Futures Rise As Coronavirus Market Rally Continues Despite Unrest; Zoom Video Crushes Earnings Views; Tesla, RH Roaring Back - Investor's Business Daily
Dow Jones Futures Rise As Coronavirus Market Rally Continues Despite Unrest; Zoom Video Crushes Earnings Views; Tesla, RH Roaring Back  Investor's Business DailyView Full Coverage on Google News

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Tesla worker tests positive after Elon Musk calls shutdowns 'fascist' - Business Insider - Business Insider (Google Business News)
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