SANTA MONICA, Calif. (AP) _ Lions Gate Entertainment Corp. (LGF.A) on Thursday reported a loss of $13.9 million in its fiscal third quarter.
The Santa Monica, California-based company said it had a loss of 6 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 21 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The motion picture producer and distributor posted revenue of $836.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $775.5 million.
Lions Gate shares have climbed 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.50, a rise of 43% in the last 12 months.