First Quarter 2013 Highlights :
- Net revenues increased 17.1% to $382 million
- Operating income increased 31.4% to $127 million
- AOCF 1 increased 19.5% to $150 million
Trade-Ideas LLC identified AMC Networks (AMCX) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate
AMC Networks (AMCX) posted better-than-expected revenue before today's market open.
AMC is struggling to remain independent in a time of media consolidation. Missing on earnings expectations doesn't help.