Lionsgate, which is in the M&A spotlight after recent deals involving MGM and WarnerMedia, easily beat Wall Street expectations for its fiscal fourth quarter results.
Total revenue came in at $876.4 million in the quarter ending March 31, down 7% from the year-ago period but ahead of analysts’ consensus for $809.3 million. The per-share loss of 17 cents in the quarter was an improvement of the 20-cent loss a year ago and well ahead of analysts’ expectation for 33 cents in the red.
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