Lions Gate: Fiscal 4Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ Lions Gate Entertainment Corp. (LGF.A) on Thursday reported a loss of $44.9 million in its fiscal fourth quarter.
The Santa Monica, California-based company said it had a loss of 20 cents per share. Earnings, adjusted for one-time gains and costs, were 21 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 21 cents per share.
The motion picture producer and distributor posted revenue of $944.3 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $946.2 million.
For the year, the company reported that its loss narrowed to $188.4 million, or 86 cents per share. Revenue was reported as $3.89 billion.
Lions Gate shares have dropped 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.62, a decline of 45% in the last 12 months.