Lions Gate Entertainment Corp. shares fell more than 6 percent to $38.28 Monday, after the company reported weak earnings following a series of box-office flops.

In the second quarter, the parent company of the Santa Monica studio reported a net loss of $42.1 million, or 28 cents a share, for the fiscal quarter ending Sept. 30.

The company posted revenue of approximately $476 million, down from $552 million a year before.

Analysts had expected the company to earn 3 cents a share on revenue of $491 million for the most recent quarter, according to The Street.

In a statement, the company said that its financial results were affected by the timing of “episodic television deliveries and the shift of the wide release of the film “Sicario” to October.”

In addition, it said that “American Ultra” underperformed, while “The Last Witch Hunter” recorded a write-down of $7.2 million. The studio is expecting a comeback, however, with the release of the fourth installment of the “Hunger Games” franchise, which opens Nov. 20.

On Tuesday, Lions Gate Entertainment Corp. said that it was selling 6.8 percent of its shares to Discovery Communications Inc. of Silver Spring, Md. And London’s Liberty Global.