AMC Networks Inc. (AMCX: Quote) reported third quarter net income of $0.51 per share Thursday morning, down from $0.55 per share in the previous year. The consensus estimate was for EPS of $0.37. Revenues increased to $332.05 million from $283.91 million in the corresponding quarter last year. Analysts expected revenues of $288.46 million.
AMC Networks gapped up sharply Thursday and climbed in early trade, but profit taking set in around midday. The stock finished up by 4.13 at $52.57 on above average volume. AMC Networks has been gaining ground for the past 3 weeks and set a new high for the year.
Click here to receive FREE breaking news email alerts for AMC Networks Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com