Lions Gate Profit Falls

(RTTNews) - Lions Gate Entertainment Corp (LGF) on Thursday reported fourth-quarter net earnings of $19.6 million or $0.14 per share compared with $49.2 million or $0.33 per share last year.

Excluding stock-based compensation expense and other one-time items, adjusted earnings for the quarter were $0.39 per share compared with $0.42 per share a year ago.

Revenues for the quarter were $646 million compared with $721.9 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.32 per share on revenues of $672.3 million for the quarter. Analysts' estimates typically exclude special items.