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AMC Networks: 1Q Earnings Snapshot

NEW YORK (AP) _ AMC Networks Inc. (AMCX) on Wednesday reported first-quarter net income of $143.4 million.

The New York-based company said it had profit of $2.48 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $2.64 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The owner of cable channels including AMC and IFC posted revenue of $784.2 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $772.7 million.

AMC Networks shares have risen slightly more than 6% since the beginning of the year. The stock has increased 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMCX at https://www.zacks.com/ap/AMCX