AMC Networks Posts Mixed Results; Bullish View On Wayfair
- August 04th, 2023
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AMC Networks Inc. (Nasdaq: AMCX) reported Q2 2023 adjusted earnings per share (EPS) of $2.02, surpassing analysts' expectations of $1.60.
However, the company reported quarterly revenues of $678.63 million, falling short of the consensus estimate of $706.47 million for the period.
In pre-market trading, $AMCX is currently priced at $12.52, up $0.24 (+1.95%).
In other news, Wayfair Inc. (NYSE: W), a prominent online retailer specializing in home goods, has received a positive review from Citigroup, which maintained its "Buy" rating on the stock and raised the price target from $88 to $106.
With Thursday's closing price of $84.67, the revised price target indicates a potential upside of $21.33 or roughly 25.2% for $W, according to the investment firm's analysis.
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