AMC Networks Inc. surged the most since February after advertising on “The Walking Dead” and “Better Call Saul” lifted first-quarter sales and profit above analysts’ estimates.
The shares rose 4.9 percent to $80.02 at the close in New York. The stock is up 25 percent this year,
“Viewers continue to embrace our original programming,” President and Chief Executive Officer Josh Sapan said in a statement Monday.
The company said first-quarter sales surged 27 percent to $668.7 million. Profit, excluding some items, was $1.66 a share. Analysts had projected $655.7 million in revenue and $1.57 a share in profit, according to estimates compiled by Bloomberg.