Shares of AMC Networks Inc. shot up 7.3% toward a 3 1/2-month high in premarket trading Friday, after the TV network and streaming services company reported...
Shares of AMC Networks Inc.
shot up 7.3% toward a 3 1/2-month high in premarket trading Friday, after the TV network and streaming services company reported a fourth-quarter profit that was well more than double what was expected, amid strength in its domestic and streaming businesses. The company swung to a net loss of $264.7 million, or $6.11 a share, from net income of $17.0 million, or 39 cents a share, in the year-ago period.
shot up 7.3% toward a 3 1/2-month high in premarket trading Friday, after the TV network and streaming services company reported a fourth-quarter profit that was well more than double what was expected, amid strength in its domestic and streaming businesses. The company swung to a net loss of $264.7 million, or $6.11 a share, from net income of $17.0 million, or 39 cents a share, in the year-ago period.
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