logo
Share SHARE
FONT-SIZE Plus   Neg

AMC Networks Q4 Profit Rises - Quick Facts

AMC Networks Inc. (AMCX) reported net income for the fourth quarter of $29.48 million or $0.41 per share, up from $19.31 million or $0.28 per share for the year-ago quarter.

However, net income from continuing operations declined to $29.27 million or $0.40 per share from $29.91 million or $0.43 per share in the prior-year quarter.

The decrease resulted from an increase in interest expense, partially offset by growth in operating income and a decrease in income tax expense.

Net revenues grew 13.6 percent to $338.96 million from $298.48 million in the year-ago period, led by 12 percent growth at National Networks and a 14.5 percent increase in International and Other.

On average, analysts polled by Thomson Reuters expected the company to earn $0.59 per share for the quarter on revenue of $327.99 million. Analysts' estimates typically exclude special items.

The company was spun off from Cablevision System Corp. (CVC) in June 2011.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Semiconductor packaging company Amkor Technology Inc. (AMKR), Monday reported a plunge in profit for the second quarter, as revenues declined and margins narrowed. The bottom line was also impacted by a debt extinguishment charge. Shares of the company fell about 14 percent in extended hours after... Hartford Financial reported a swing to profit for the second quarter, helped mainly by improved underwriting results in property and casualty business, and contribution from Talcott Resolution, while the prior year included a one-time loss from discontinued operations. Hartford's quarterly earnings easily topped Wall Street estimates... Chinese internet-search giant Baidu Inc. (BIDU), Monday reported an increase in profit for the second quarter, as revenues jumped a near 40 percent, with both earnings and revenues trumping Street estimates. However, Baidu shares plunged over 8 percent in after-hours trade on the Nasdaq, after its...
comments powered by Disqus
RELATED NEWS
Trade AMCX now with 
Follow RTT