Third Quarter 2013 Highlights :
- Net revenues increased 19.1% to $395 million
- Operating income increased 40.9% to $122 million
- AOCF 1 increased 25.4% to $137 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.