Starz Liberty (STRZA) Tops Q1 EPS by 3c

Starz Liberty (NASDAQ: STRZA) reported Q1 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $420 million versus the consensus estimate of $421.24 million.

Starz CEO Chris Albrecht, said, “Our business performed well during the first quarter, setting the stage for what we believe will be a strong 2014. We are building the STARZ brand, investing to create compelling original programming, and fortifying our unique position with viewers and our distribution partners. The result of these efforts was another quarter of revenue and Adjusted OIBDA increases.

“With the recent additions of ‘The Missing’ and ‘The Chair,’ STARZ has slated a record seven STARZ Original series for 2014 with 55 hours of original programming. We are very pleased that ‘Black Sails’ concluded its first season with strong viewership and robust demand worldwide including a recent licensing pact with Amazon Prime Instant Video in the UK. ‘Da Vinci’s Demons’ second season is performing well and in a consistent manner with its successful first season. Interest continues to grow for the series premiere of ‘Power’ on June 7.”

For earnings history and earnings-related data on Starz Liberty (STRZA) click here.

You May Also Be Interested In

• Grandstand Limited (GRSD) Tops Q2 EPS by 5c; Offers Guidance
• Applied Materials (AMAT) Tops Q3 EPS by 10c, Offers Guidance
• MDxHealth SA (MDXH) Misses Q2 EPS by 1c ; Offers Guidance