Lions Gate Entertainment Corp. reported a third quarter loss of $14.4 million (-14 cents per share), a slight increase from the $14.1-million loss the company posted for the same period a year earlier, severely missing Wall Street's expectations of a 2-cent loss.
Revenue for the Santa Monica-based independent film company rose 3 percent to $218.2 million, but also missed estimates of $220.2 million.
The earnings were a mixed bag for Lions Gate. Theatrical revenue rose 9 percent to $20.5 million while home-rentals revenue dropped 4 percent to $115 million. Revenue from movies shown on TV rose 82 percent to $33 million while television-production revenue fell 26 percent to $32 million.
Shares of Lions Gate added 7 cents to $10.65 during trading Thursday but fell 65 cents to $10 in after-hours trading.
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