AMC Networks Inc. (AMCX: Quote) reported fourth quarter net income of $0.21 per share Tuesday morning, down from $0.41 per share in the previous year. The consensus estimate was for EPS of $0.65. Net revenues increased to $366.71 million from $338.96 million last year. The consensus estimate was for revenue of $370.06 million.
AMC Networks gapped open sharply lower Tuesday, but recovered some ground during the middle portion of the session. Shares finished with a loss of 2.07 at $56.00 on the highest volume of the year. The stock fell below a range at the highs of the year and set a 1-month low.
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by RTT Staff Writer
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