Lionsgate Earnings, Revenues Top Wall Street Estimates

has reported earnings of $51.1 million, or 23 cents a share, on revenues of $813.7 million for its first fiscal quarter ended June 30 — numbers that were above Wall Street estimates — amid the COVID-19 pandemic.

Revenues were $38 million above Wall Street estimates and earnings per share outpaced the analyst consensus by 21 cents a share. The report was released Thursday after the stock market closed with revenues declining in motion picture and television production due to the COVD-19 pandemic. Motion picture segment revenue decreased by 29.4% to $280.7 million compared to the prior year quarter and segment profit was $101.1 million. Lionsgate said the performance reflects the impact of theatre closings related to the COVID-19 global pandemic, reduced theatrical expenses and increased home entertainment and library revenues.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wonderful world of Disney earnings surprise boosts Wall StreetU.S. stocks climbed on Wednesday on the heels of a surprise quarterly profit from Disney and as investors stayed optimistic that a deal was near for a U.S. coronavirus fiscal aid package.
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street impressed by space stock Maxar's latest earnings, which cleared 'a high bar'New for subscribers: Wall Street impressed by space stock Maxar's latest earnings, which cleared 'a high bar' Check out CNBCPro for a free trial.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks tick higher on Wall Street, but Treasury yields sinkU.S. stock indexes drifted higher Tuesday as Wall Street’s big rally eased off the accelerator.
Source: latimes - 🏆 11. / 82 Read more »