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Lions Gate: Fiscal 1Q Earnings Snapshot

SANTA MONICA, Calif. (AP) _ Lions Gate Entertainment Corp. (LGF.A) on Thursday reported a loss of $54 million in its fiscal first quarter.

The Santa Monica, California-based company said it had a loss of 25 cents per share. Losses, adjusted for one-time gains and costs, were 2 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The motion picture producer and distributor posted revenue of $963.6 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $925.4 million.

Lions Gate shares have declined 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.63, a decline of 45% in the last 12 months.


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