Lions Gate: Fiscal 4Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ Lions Gate Entertainment Corp. (LGF.A) on Thursday reported fiscal fourth-quarter earnings of $91.3 million.
The Santa Monica, California-based company said it had net income of 41 cents per share. Earnings, adjusted for one-time gains and costs, were 25 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The motion picture producer and distributor posted revenue of $1.04 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.07 billion.
For the year, the company reported profit of $473.6 million, or $2.15 per share.