Aided by income tax cuts, AMC Networks reported better-than-expected Q3 earnings on Thursday, but the company whiffed on revenue estimates as domestic ad sales declined.
Wall Street had forecast earnings per share of $1.66 on revenue of $733.95 million, according to a consensus estimate compiled by Yahoo Finance. AMC Networks posted Q3 adjusted earnings per share of $2.33 on revenue of $718.60 million.
Domestic ad sales, referring to the national networks of AMC, We tv, BBC America, IFC and SundanceTV, dropped 2.6% with no “Better Call Saul” (pictured above) on AMC, which aired all but two of the “Breaking Bad” prequel’s Season 4 episodes in Q3 2018.