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Why AMC Networks Stock Crashed Today

TheMotleyFool

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Shares of TV-content producer AMC Networks (NASDAQ: AMCX) traded 13.3% lower at 2:20 p.m., EST. The company reported fourth-quarter results this morning, missing Wall Street's earnings estimates despite a strong showing on the top line.

The producer of hit shows like The Walking Dead and Better Call Saul reported fourth-quarter sales of $785 million, 1.2% above the year-ago quarter. Adjusted earnings fell 12%, to $1.69 per share. Your average analyst had been looking for earnings near $1.78 per share on revenues in the neighborhood of $776 million.

Image source: Getty Images.

Source Fool.com

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