Why AMC Networks Stock Plunged Today
AMC Networks(AMCX) The Motley Fool·2024-02-09 20:16Shares of AMC Networks (AMCX -16.08%) were falling today after the company reported a sharp decline in revenue as it continues to struggle with the transition to streaming, and it missed estimates on the bottom line for the fourth quarter.As of 2:18 p.m. ET, the stock was down 15.1%. AMC is still getting left behindRevenue in the fourth quarter ended Dec. 31 fell 29.6% to $678.8 million, which was slightly better than the consensus at $676 million.In its domestic operations, revenue fell by 32.4% to $581.7 ...