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Starz' adjusted Q1 EPS

Starz' (STRZA) adjusted Q1 EPS fell 28% to 47 cents, missing by 2 cents. The premium cable network owner's revenue decreased 1% to $399 mil, in part on the non-renewal of a deal with Netflix (NFLX) . Starz service subscribers climbed 7% while subscriptions to sister station Encore were up 4%. Shares fell 6.2% to 22.74.