AMC Networks Inc. (AMCX - Free Report) is engaged in producing and programming of movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films.
AMC Networks is boosting its regional growth in key markets with channel launches and new distribution deals with key pay-TV operators in Latin America, Central and Eastern Europe, Iberia and Africa to serve audiences with award-winning programming across multiple genres. The company has successfully expanded its cable and DTH platforms in the Balkans region. We believe these deals will bring new series into the entertainment world and expand the company’s subscriber base in the to-be-reported quarter.
AMC Networks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company has generated a negative average earnings surprise of 2.25% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AMC Networks reported stronger-than-expected second-quarter 2017 earnings. Our consensus adjusted earnings estimate called $1.41 per share while the company posted figure was $1.88 per share. Investors should note that these figures take out stock option expenses.
Revenue: AMC Networks reported total revenue of $710.5 million which lagged our estimate of $715 million.
Key States to Note: In the reported quarter, adjusted operating income (AOI) in the National Networks division was up 12.5% year over year and that of International & Other division was down a whopping 87.8% year over year.
Check back later for our full write up on this AMC Networks earnings report later!
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