AMC Networks (AMCX) Tops Q3 EPS by 4c, Revenues Beat

AMC Networks (NASDAQ: AMCX) reported Q3 EPS of $1.32, $0.04 better than the analyst estimate of $1.28. Revenue for the quarter came in at $654 million versus the consensus estimate of $606.04 million.

Financial Highlights:

• Net revenues of $654 million
• Operating income of $139 million; Adjusted Operating Income1 of $185 million
• Diluted EPS of $1.17; Adjusted EPS1 of $1.32
• Cash Provided by Operating Activities of $219 million and Free Cash Flow1 of $203 million for the three months ended September 30, 2020
• 10.8 million shares repurchased for $251 million in October 2020 in connection with the Company’s modified Dutch auction tender offer

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

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