AMC lawsuit settlement shaves reported fourth-quarter earnings

AMC Entertainment Holdings Inc. late Friday restated its results for the fourth quarter following a litigation settlement charge. The $7 million settlement, which the movie-theater chain characterized as pertaining to “a lawsuit filed several years ago,” reduced AMC’s earnings results by 4 cents a share for the quarter and the year, the company said. AMC reported a fourth-quarter profit of 33 cents a share on Feb. 28. AMC shares were unchanged at $30.15 after hours.

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Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

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