SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Lions Gate Entertainment Corp. (LGF.A) on Thursday reported a loss of $39.5 million in its fiscal fourth quarter.
On a per-share basis, the Santa Monica, California-based company said it had a loss of 22 cents. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The motion picture producer and distributor posted revenue of $1.12 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.09 billion.
For the year, the company reported a loss of $1.1 billion, or $4.77 per share. Revenue was reported as $4.02 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LGF.A at https://www.zacks.com/ap/LGF.A
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