UPDATE: AMC Networks Posts Drop In Q4 Profit
AMC Networks Inc (NASDAQ: AMCX) reported a decline in its fourth-quarter profit.
AMC Networks' quarterly net income from continuing operations fell to $29 million, or $0.40 per share, from $30 million or $0.43 per share, in the year-ago period. Its revenue climbed 14% to $339 million.
Analysts were expecting earnings of $0.59 per share on revenue of $327.9 million.
AMC Networks shares dropped 8.77% to $42.00 in pre-market trading.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.