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Earnings Roundup: RUE, AMCX
Thursday, March 15, 12:44 PM ET

Rue21 (RUE) announced that it earned $12.9 million, or 52 cents per share in its fiscal fourth quarter, while analysts expected 49 cents per share. Earnings increased from $10.9 million, or 44 cents per share, a in the same period last year. Revenue increased by 15.7 percent to $219.9 million, below estimates of $225.6 million, while same store sales fell by 2.2 percent.

Shares are lower by about 1.75 percent.

AMC Networks (NASDAQ:AMCX) announced that it earned $29.5 million, or 41 cents per share versus $19.3 million or 28 cents in teh same period last year. Revenue increased by 14 percent to $339 million. The company said profits were lower due to higher interest expense and costs related to the spin-off from Cablevision (NYSE:CVC).

Shares are lower by about three percent.

For MarketNewsVideo.com, I'm Sayoko Murase.

Earnings Roundup: RUE, AMCX picture
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