Lionsgate Q4 Profit Tops Estimate; Revenue Falls Short

(RTTNews) - Lions Gate Entertainment Corp. (LGF) reported net income for the fourth quarter of $49.2 million or $0.33 per share, compared to $163.0 million or $1.10 per share for the year-ago quarter.

Excluding items, adjusted net income for the fourth quarter was $63.5 million or $0.42 per share, compared to $89.3 million or $0.61 per share in the prior year quarter.

Revenue for the fourth quarter fell to $721.86 million from $785.71 million a year ago.

Analysts polled by Thomson Reuters expected the company o earn $0.40 per share on revenue of $823.62 million for the fourth quarter. Analysts' estimates typically exclude special items.