AMC Network original programming drives profit, revenue growth in Q3
AMC Networks Inc. reported third-quarter earnings on Thursday of $72.7 million, or per-share earnings of 99 cents, compared with $53.2 million, or 74 cents per share in the year-earlier period. Adjusted earnings per share for the media company were $1.09, above the FactSet consensus of 86 cents. Revenue rose to $632.2 million from $519.6 million in the same period a year ago; the FactSet consensus was $603 million. AMC Chief Executive attributed much of the success in the quarter to the performance of the network's original content, specifically "Fear the Walking Dead" and "Doctor Who," which the company snagged as part of a deal last year to operate BBC America. AMC shares, which were still inactive in premarket trade, are up 12.5% in the year to date, outperforming the S&P 500 index, which is up 2.1%
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