TheWrap Music - Entertainment Industry Analysis, Breaking Hollywood News: Lionsgate Swings to Q1 Profit as Revenue Jumps 20 Percent

TheWrap Music - Entertainment Industry Analysis, Breaking Hollywood News

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Lionsgate Swings to Q1 Profit as Revenue Jumps 20 Percent Aug 8th 2013, 20:10, by Lucas Shaw Lionsgate beat Wall Street's expectations and recorded earnings per share of $0.10 for its first quarter of fiscal year 2014, a huge improvement from a year ago when the company reported a small loss. That loss was due to the company's acquisition of Summit Entertainment. Lionsgate's revenue also climbed to $570 million, a 21 percent boost from the same quarter a year ago. The company's profit and revenue figures both exceeded what analysts ahd predicted, sending the company's stock price up in after-hours trading. read more

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