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

Quick Facts

Editors Pick
The Federal Communications Commission or FCC will not take any action against CBS Corp.'s "Late Show with Stephen Colbert" despite receiving thousands of complaints about the talk show comedian's controversial joke about President Donald Trump. The U.S. government filed a civil lawsuit on Tuesday against Fiat Chrysler Automobiles, accusing the automaker of installing software in more than 100,000 diesel vehicles to cheat emission controls. The lawsuit alleges that Fiat Chrysler equipped nearly 104,000 light duty diesel vehicles containing 3.0 liter EcoDiesel engines with software functions that were not disclosed to regulators. A college degree is a necessity for a rewarding, well-paying job with possibility for career advancement and also for entry into most professional careers. On average, college graduates earn much more than high school graduates throughout their lifetime. In addition to the earnings potential, students...
comments powered by Disqus
Follow RTT