SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Lions Gate Entertainment Corp. (LGF.A) on Thursday reported a loss of $59.4 million in its fiscal first quarter.
The Santa Monica, California-based company said it had a loss of 25 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 9 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The motion picture producer and distributor posted revenue of $834.7 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $829.1 million.
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