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Here's Why AMC Networks Shares Fell 12% in November

TheMotleyFool

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Here's Why AMC Networks Shares Fell 12% in November

Shares of AMC Networks (NASDAQ: AMCX) fell 11.8% in November, according to data from S&P Global Market Intelligence. The content producer and broadcaster reported mixed third-quarter earnings on the last day of October, setting the stage for a flurry of analyst downgrades and price target cuts in early November.

AMC's third-quarter earnings rose 7.3% year over year to $2.07 per share. Revenue climbed 3.1%, stopping at $719 million. Your average analyst would have settled for earnings near $1.66 per share, but the Street was also looking for a richer revenue stream of approximately $734 million.

Image source: Getty Images.

Source Fool.com

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