Lionsgate Shares Rise After It Beats Fiscal Q4 Financial Forecasts

The stock is up about 4.7% in after-hours trading after the studio reported 12-month growth in just about every unit except for television production. In the quarter that ended in March, Lionsgate had net income of nearly $163M, up from a $22.7 loss in the period last year, on revenues of $785.7M, +21.8%. The top line beat the Street’s expectation for $753.0M. And earnings at $1.10 were well ahead of predictions for 44 cents. Lionsgate’s release surprisingly only provides unit-by-unit data for the entire year, not the quarter. The company will go into more detail tomorrow morning, when it holds its conference call with analysts. CEO Jon Feltheimer says that the three-month period “reflected strong contributions from our young adult franchises as well as the rest of our theatrical slate and our home entertainment and international businesses.”

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