News Formal

After AMC Networks Posts Strong Q1 Numbers, Recently Installed CEO Kristin Dolan Says Her “Clear And Actionable Perspective” Will Help Get Company On Track

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

AMC Networks posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading. The parent company of cable networks AMC and IFC and streaming services AcornT…

posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading.

Domestic revenue climbed 1% to $612 million, paced by distribution and other categories. Advertising revenues dropped 20% to $161 million, with the company blaming “anticipated linear ratings declines, softness in the advertising market and fewer original programming episodes” during the quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest premarket moves: PacWest, Berkshire Hathaway, American Airlines, AMC and moreThese are the stocks posting the largest moves in the premarket.
Source: CNBC - 🏆 12. / 72 Read more »