AMC Networks Q3 Adj. EPS $1.85 Beats $1.28 Estimate, Sales $636.95M Miss $657.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
AMC Networks reported Q3 earnings of $1.85 per share, beating the analyst consensus estimate of $1.28 by 44.53%. However, this is an 11.48% decrease from the same period last year. The company's quarterly sales were $636.95 million, missing the analyst consensus estimate of $657.80 million by 3.17%, and marking a 6.58% decrease from the same period last year.
November 03, 2023 | 11:00 am
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AMC Networks' Q3 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
AMC Networks' earnings beat estimates, which is a positive signal. However, the company's sales missed estimates and decreased compared to the same period last year, which is a negative signal. These mixed signals could lead to uncertainty in the market, potentially affecting the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100