Lions Gate: Fiscal 2Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ Lions Gate Entertainment Corp. (LGF.A) on Thursday reported a fiscal second-quarter loss of $144.1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Santa Monica, California-based company said it had a loss of 67 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 22 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The motion picture producer and distributor posted revenue of $901 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $890.2 million.
Lions Gate shares have decreased 43 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.17, a drop of 34 percent in the last 12 months.