AMC Networks Inc. has recently posted mixed financial earnings in the recent third quarter of 2017. The bottom line data has been reported to have surpassed the market estimates as the top line data have failed to do so.
The net income of the media company was announced to be at $87 million which is $1.35 for each share - an upsurge from last year’s $65.4 million or 91 cents per share. Quarterly adjusted earnings per share also increased at $1.68 beating the market estimate of $1.15.
As for the total revenues of the company, figures indicated a data of $648 million which is a 2.1% increase in a year over year basis. The data has missed the estimated figures of $656 million. More so, the National Networks revenues added 3% from a year-over-year basis. It was revealed to be at $541.4 million for the said quarter. International and Other revenues totaled $112.8 million, down 1.1% year over year.