AMC Networks Q4 2023 Adj EPS $0.72 Misses $0.89 Estimate, Sales $678.85M Beat $676.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
AMC Networks (NASDAQ:AMCX) reported Q4 2023 earnings of $0.72 per share, missing the $0.89 estimate, but sales of $678.85M exceeded the $676.01M estimate. This represents a 29.62% decrease in sales compared to the same period last year.
February 09, 2024 | 12:01 pm
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NEGATIVE IMPACT
AMC Networks reported lower-than-expected Q4 2023 earnings per share but slightly higher sales than anticipated, with a significant year-over-year sales decrease.
The miss in earnings per share (EPS) is likely to negatively impact investor sentiment and stock price in the short term, despite the slight beat in sales. The significant decrease in sales compared to the previous year further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100