AMC Networks Q1 2024 Adj EPS $1.16 Misses $1.67 Estimate, Sales $596.460M Miss $602.602M Estimate
Portfolio Pulse from Benzinga Newsdesk
AMC Networks (AMCX) reported Q1 2024 earnings of $1.16 per share, missing the $1.67 estimate, with sales of $596.460M also missing the $602.602M estimate. This represents a 16.86% decrease in sales compared to the same period last year.
May 10, 2024 | 11:00 am
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AMC Networks reported lower than expected Q1 2024 earnings and sales, with a significant decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to the previous year's performance are critical factors that investors will consider.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100