AMC Networks (AMCX) Tops Q1 EPS by 20c

AMC Networks (NASDAQ: AMCX) reported Q1 EPS of $1.99, ex-items, $0.20 better than the analyst estimate of $1.79. Revenue for the quarter came in at $707 million versus the consensus estimate of $695.47 million.

President and Chief Executive Officer Josh Sapan said: “AMC Networks is continuing to build on the momentum and strength of 2015 with a strong start to 2016. First quarter 2016 revenues, AOCF and operating income were healthy and growing. Our performance continues to be driven by the strength of our brands and the popularity of our original programming, particularly The Walking Dead, Better Call Saul and Fear the Walking Dead, with viewers and advertisers. With the refinancing of our debt on favorable terms and the authorization of a $500 million share repurchase program, our Company remains focused on creating and delivering value for shareholders.”

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

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