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March 27, 2020, 5:15 p.m. EDT

AMC Networks withdraws Q1 and fiscal 2020 outlooks

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    AMC Networks Inc. Cl A (AMCX)

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By Claudia Assis

AMCX

AMC Networks Inc. /zigman2/quotes/202022116/composite AMCX +6.05% said late Friday it was withdrawing its first quarter 2020 and full-year 2020 guidance due to uncertainty during the coronavirus pandemic. The entertainment company also updated investors on its liquidity position, saying that it had $816 million in cash and cash equivalents as of late December, and it has access to a $500 million revolving credit facility. Shares of AMC fell 0.8% in the extended session Friday after ending the regular trading day down 2.7%.

/zigman2/quotes/202022116/composite
US : U.S.: Nasdaq
$ 25.43
+1.45 +6.05%
Volume: 1.21M
Aug. 11, 2020 3:44p
P/E Ratio
7.46
Dividend Yield
N/A
Market Cap
$1.25 billion
Rev. per Employee
$924,682
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