ENGLEWOOD, Colorado — Starz Inc. (STRZA) on Wednesday reported fourth-quarter net income of $77.4 million.
On a per-share basis, the Englewood, Colorado-based company said it had profit of 74 cents.
The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The cable channel operator posted revenue of $425.6 million in the period, also beating Street forecasts. Analysts expected $423.2 million, according to Zacks.
For the year, the company reported profit of $271.3 million, or $2.43 per share. Revenue was reported as $1.66 billion.
Starz shares have increased slightly more than 6 percent since the beginning of the year. The stock has climbed slightly more than 1 percent in the last 12 months.
Keywords: Starz, Earnings Report
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