AMC Networks Inc. Class A (AMCX)
AMC Networks Inc. Class A (AMCX) is an entertainment company that owns and operates cable television channels, streaming services, and other media properties. It is known for its portfolio of popular networks such as AMC, BBC America, SundanceTV, and We-TV, delivering scripted series, movies, and documentaries. AMC Networks focuses on creating high-quality content for diverse audiences and has established itself as a significant player in the cable and streaming entertainment industry.
Company News
AMC Networks Inc. has priced a private offering of $400 million in senior secured notes due 2032. The company plans to use the proceeds to fund a tender offer for its existing 4.25% Senior Notes due 2029 and repay other corporate debt.
Lumen stock posted a 10.1% gain on Thursday after an investor named Daniel Hagan disclosed a large 5.4% stake in the company. The news of a major investor buying up shares helped spur bullish momentum, though Lumen still faces challenges like a large debt problem.
AMC Networks reported revenue of $625.93 million, down 7.8% year-over-year, and EPS of $1.24, compared to $2.02 in the prior-year quarter. The company's revenue beat the Zacks Consensus Estimate, but EPS missed it.
Discover the upcoming events and earnings reports in the financial market, including notable companies like Disney, Tyson Foods, and Uber.
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) fell sharply during Friday’s session following third-quarter results. Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company also revised its 2024 net bookings forecast to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier. Take-Two Interactive Software shares dipped 8.8% to $154.69 on Friday. Here are some other stocks moving in today's mid-day session. Gainers Sunworks, Inc. (NASDAQ: SUNW) shares jumped 267% to $0.1990. Sunworks and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware. TOP Financial Group Limited (NASDAQ: TOP) gained 87.55% to $6.13. NanoString Technologies, Inc. (NASDAQ: NSTG) shares climbed 66% to $0.1932 after the company disclosed completion of financing to support restructuring process. Intelligent Bio Solutions Inc. (NASDAQ: INBS) jumped 47.3% to $4.24 following second-quarter results. TC Biopharm (Holdings) Plc (NASDAQ: TCBP) shares climbed 46% to $1.6099 after jumping over 16% on Thursday. Intelligent Living Application Group Inc. (NASDAQ: ILAG) gained 45.5% to $0.6851 after surging around 24% on Thursday. Green Giant Inc. (NASDAQ: GGE) shares rose 44.4% to $0.0535 after gaining 25% on Thursday. Better Choice Company Inc. (NYSE: BTTR) gained 35% to $0.2379. Better Choice acquired Aimia Pet Healthco. Masonite International Corporation (NYSE: DOOR) surged 34.5% to $129.99 after Owens Corning announced it will acquire the company for $3.9 billion. Cloudflare, Inc. (NYSE: NET) rose 23.5% to $111.49 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance. CleanSpark, Inc. (NASDAQ: CLSK) shares gained 22% to $12.81 after the company reported a year-over-year increase in first-quarter GAAP EPS and ...