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AMC Networks Inc. (AMCX) Misses Q1 EPS by 12c

May 8, 2014 7:56 AM

AMC Networks Inc. (NASDAQ: AMCX) reported Q1 EPS of $1.04, $0.12 worse than the analyst estimate of $1.16. Revenue for the quarter came in at $525 million versus the consensus estimate of $507.53 million.

President and Chief Executive Officer Josh Sapan said: "AMC Networks continued to build momentum in the first quarter of 2014, with double digit increases in revenue and AOCF. At our national networks, our original programming performed well, driving attention for and strengthening our network brands, with series including IFC's Spoils of Babylon, SundanceTV's The Red Road, WE tv's SWV: Reunitedand AMC's The Walking Dead, which grew 24% in total viewers for its fourth season and remains the highest rated show on television among the most coveted demographic. Having completed our acquisition of Chellomedia, we are quickly integrating those networks and are streamlining our operations. We view our now-robust international platform as a springboard for additional growth for the company in the years ahead as we continue to focus on creating and delivering maximum value for our shareholders."

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

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