01:20 PM EDT, 08/09/2024 (MT Newswires) -- AMC Networks ( AMCX ) shares slid 5.3% in recent trading after the company reported adjusted earnings Friday of $1.24 per share, down from $2.02 a year earlier.

Analysts polled by Capital IQ expected $1.65.

Net revenue for the quarter ended June 30 was $625.9 million, down from $678.6 million a year earlier.

Analysts surveyed by Capital IQ expected $601.5 million.

Price: 9.75, Change: -0.55, Percent Change: -5.34