AMC Networks (AMCX) Tops Q3 EPS by 14c

AMC Networks (NASDAQ: AMCX) reported Q3 EPS of $0.99, $0.14 better than the analyst estimate of $0.85. Revenue for the quarter came in at $632 million versus the consensus estimate of $605.05 million.

Highlights:

• Net revenues increased 21.7% to $632 million
• AOCF2 increased 34.3% to $191 million
• Operating income increased 44.5% to $159 million

President and Chief Executive Officer Josh Sapan said: “AMC Networks had outstanding performance in the quarter, with significant increases in net revenues and operating cash flow driven by the continued popularity of our networks' original programming, notably BBC AMERICA’s "Doctor Who" and AMC’s newest original series, “Fear the Walking Dead,” which premiered to record numbers, becoming the biggest series debut in cable television history. We continue to invest in our international business, growing our portfolio of strong local brands and launching the AMC brand into new markets. We are confident our approach to creating great content and building networks with distinct brands that resonate with viewers will continue to drive our performance over the near- and long-term and deliver value for our shareholders."

For earnings history and earnings-related data on AMC Networks (AMCX) click here.

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