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

📆 2023/05/10 0:46:00
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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.

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Stocks making the biggest premarket moves: PacWest, Berkshire Hathaway, American Airlines, AMC and moreThese are the stocks posting the largest moves in the premarket.
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