AMC Networks Surges as ‘Better Call Saul’ Ads Lift RevenueAnthony Palazzo
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.
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