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AMC Networks Earnings Lower for Fourth Quarter

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AMC Networks reported lower fourth quarter profits amid costs for restructuring and acquisitions. Net income dropped to $72 million, or $1.24 per share. From $145 million, or $2.33 per share, a year ago. Revenues rose 6.3% to $773 million. Programming expenses were down and included $29 million in programming write offs. The company’s International and other segment had an operating loss of $48 million, which was primarily attributable to the acquisitions of RLJ Entertainment and Levity Entertainment.

Added on the 28/02/2019 08:21:50 - Copyright : Wochit

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