AMC Networks: 2Q Earnings Snapshot
NEW YORK (AP) _ AMC Networks Inc. (AMCX) on Wednesday reported second-quarter earnings of $128.7 million.
On a per-share basis, the New York-based company said it had net income of $2.25. Earnings, adjusted for restructuring costs and amortization costs, were $2.60 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share.
The owner of cable channels including AMC and IFC posted revenue of $772.3 million in the period.
AMC Networks shares have dropped roughly 1% since the beginning of the year. The stock has fallen slightly more than 9% in the last 12 months.