ENGLEWOOD, Colorado — Starz Inc. (STRZA) on Thursday reported first-quarter earnings of $84.6 million.
On a per-share basis, the Englewood, Colorado-based company said it had net income of 79 cents.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The cable channel operator posted revenue of $450.7 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $437.3 million.
Starz shares have increased 30 percent since the beginning of the year. The stock has climbed 22 percent in the last 12 months.
Keywords: Starz, Earnings Report