SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Lions Gate Entertainment Corp. (LGF.A) on Wednesday reported a loss of $70.7 million in its fiscal first quarter.
The Santa Monica, California-based company said it had a loss of 31 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The motion picture producer and distributor posted revenue of $908.6 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $893 million.
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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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