Yahoo Finance AMC Networks First Quarter 2024 Earnings: EPS Misses Expectations
AMC Networks (NASDAQ:AMCX) First Quarter 2024 Results
Key Financial Results
Revenue: US$596.5m (down 17% from 1Q 2023).
Net income: US$45.8m (down 56% from 1Q 2023).
Profit margin: 7.7% (down from 14% in 1Q 2023).
EPS: US$1.04 (down from US$2.38 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AMC Networks EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 31%.
Looking ahead, revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.3%.
Performance of the American Media industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for AMC Networks (1 is significant!) that we have uncovered.
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