AMC Networksposted first-quarterearningswell ahead of Wall Street estimates, boosting shares in pre-market trading.
Revenue inched up almost 1% to $717.4 million.
Wall Street analysts had expected earnings of $1.87 and revenue of $696.7 million.
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The positive results boosted shares in AMC Networks by 13% before the start of the trading day.
In her first quarterly earnings call, she touted a clear and actionable perspective gained through previous positions.
Thats why I was brought into this role.
The company said in late-2022 it would lay off 20% of its workforce.
While we reevaluate the pathways to content monetization, we are strategically reducing costs and streamlining our organization.
