AMC Networks Posts Higher 3Q Profit

RTTNews — AMC Networks Inc. (AMCX: News ) reported net income for the third quarter of $40.0 million or $0.55 per share, compared to $25.3 million or $0.37 per share for the year-ago quarter.

Third quarter net income from continuing operations was $40.3 million or $0.56 per share, compared to $33.7 million or $0.49 per share in the prior year quarter.

Third quarter net revenues increased 4.6% to $283.9 million from $271.4 million a year ago, led by 3.9% growth at National Networks and a 13.8% increase in International and Other.

Analysts polled by Thomson Reuters expected the company to earn $0.44 per share on revenue of $292.08 million for the third quarter.