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AMC Networks Reports Downturn In Many Financial Areas, But Stock Perks Up On Q3 Beat
The beleaguered shares of AMC Networks gained 3% Friday after the company posted third-quarter results ahead of Wall Street analysts' expectations.
Shares in AMC Networks, which have declined by more than 50% in 2024 to date, gained 3% Friday after the company posted third-quarter results ahead of Wall Street analysts’ expectations. “As we manage this business within a complex and changing environment, we remain focused on our key strategic pillars – programming, partnerships and profitability,” CEO Kristen Dolan said in the earnings release. She added that AMC Networks execs are “well on our way to delivering our stated goal of approximately half a billion dollars in cumulative free cash over two years.”
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