AMC Networks Inc. (AMCX) 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 and is now down 5.05 at $53.02 on above average volume. The stock has fallen to a month and a half low and has dropped below its 50-day moving average.
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