AMC Networks Shares Rise After Q3 Adjusted Earnings, Revenue Top Estimates

MT Newswires Live11-09

AMC Networks (AMCX) shares were up 4% in recent trading Friday after the company reported better-than-expected Q3 earnings and revenue.

The company posted adjusted earnings of $0.91 per share, down from $1.85 a year earlier. Analysts polled by Capital IQ expected EPS of $0.64.

Net revenue for the quarter ended Sept. 30 was $599.6 million, down from $637 million a year earlier. Analysts surveyed by Capital IQ expected $587.1 million.

Price: 8.69, Change: +0.34, Percent Change: +4.07

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