AMC Networks Q4 Earnings Surge

(RTTNews) - AMC Networks Inc. (AMCX) said its fourth-quarter net income from continuing operations rose to $35 million or $0.49 per share from last year's $15 million or $0.21 per share, resulting from the growth in operating income and a decrease in debt related charges.

On average, 16 analysts polled by Thomson Reuters expected earnings per share of $0.77 for the quarter. Analysts' estimates typically exclude one-time items.

The company's net revenues grew 18.7 percent to $435 million from last year's $366.71 million, led by 19.3 percent growth at National Networks and a 7.0 percent increase at International and Other. Analysts estimated revenues of $418.88 million for the quarter.