AMC Networks Inc. (AMCX) revealed earnings for first quarter that decreased from last year and missed the Street estimates.
The company's earnings came in at $18.05 million, or $0.34 per share. This compares with $45.80 million, or $1.03 per share, last year.
Excluding items, AMC Networks Inc. reported adjusted earnings of $29.22 million or $0.52 per share for the period.
Analysts on average had expected the company to earn $0.81 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.9% to $555.23 million from $596.46 million last year.
AMC Networks Inc. earnings at a glance (GAAP) :
-Earnings: $18.05 Mln. vs. $45.80 Mln. last year.
-EPS: $0.34 vs. $1.03 last year.
-Revenue: $555.23 Mln vs. $596.46 Mln last year.
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