Lionsgate (LGF) Posts Q2 Loss of 28c/Share

Lionsgate (NYSE: LGF) reported Q2 EPS of ($0.28), $0.31 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $476.8 million versus the consensus estimate of $491 million.

The Company's financial results in the quarter were affected by timing of episodic television deliveries and the shift of the wide release of the film Sicario into October. Although the move contributed to the film's solid box office performance, it resulted in its marketing costs being recorded in the September quarter without significant offsetting revenue benefit. In addition, the wide release American Ultra underperformed during the quarter. The Company also recorded a write-down of $7.2 million on The Last Witch Hunter, a film released after the quarter.

For earnings history and earnings-related data on Lionsgate (LGF) click here.

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