AMC Networks Inc. (NASDAQ:AMCX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
AMC Networks Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 41.67% to $0.85 in the quarter versus EPS of $0.60 in the year-earlier quarter.
Revenue: Rose 17.09% to $382 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AMC Networks Inc. reported adjusted EPS income of $0.85 per share. By that measure, the company beat the mean analyst estimate of $0.82. It beat the average revenue estimate of $365.98 million.
Quoting Management: President and Chief Executive Officer Josh Sapan said: “AMC Networks is off to a strong start in 2013, with double digit increases in net revenues, AOCF and operating income driven by our popular original programming that is resonating with an increasing number of viewers and advertisers. Sundance Channel’s two new original scripted shows, Rectify and Top of the Lake, have been met with wide critical and popular acclaim, and Portlandia, which has become IFC’s signature show and one of the most unique comedies on television, completed its third season and continues to perform well. WE tv’s successful series Braxton Family Values and Mary Mary out-delivered prior year averages, making WE tv a top three women’s network on Thursday nights, and at AMC, The Walking Dead became the number one show for the broadcast season for adults 18-49 for all of television, a first for any cable series, up 55% from the prior season.”
Key Stats (on next page)…