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AMC Networks Posts Softer Q1 Revenue On Advertising And Licensing Slide, But Profit Beats Wall Street Forecasts

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AMC Networks reported a 6% downturn in revenue during the first quarter due to a slump in advertising and content licensing, but earnings per share beat Wall Street forecasts.Total revenue of $691.7 million fell from $734.4 million in the year-earlier period, missing analysts’ consensus estimate of $722.3 million.Earnings per share, though, topped the Street at $2.02, or $2.98 on an adjusted basis.

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