Lions Gate: Fiscal 1Q Earnings Snapshot
Aug. 09, 2018
SANTA MONICA, Calif. (AP) _ Lions Gate Entertainment Corp. (LGF.A) on Thursday reported a fiscal first-quarter loss of $7.9 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 4 cents. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The motion picture producer and distributor posted revenue of $932.7 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $882.6 million.
Lions Gate shares have declined 32 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.14, a decline of 19 percent in the last 12 months.