Lionsgate Entertainment soundly beat analysts’ profit estimates for the quarter that ended in March, helped by income from The Lincoln Lawyer, VOD showings of its movies and revenue from its interest in EPIX. The company reported net income of $46.1 million for its fiscal fourth quarter, up from a $22.3 million loss in the same period last year, on revenues of $376.9 million, down 6%. Profits, at 34 cents a share, contrast with the 18 cents average forecast by analysts who follow the company. “Our numbers going forward should reflect growing momentum in our film business from franchises like The Hunger Games, The Expendables and What To Expect When You’re Expecting that we expect will have the capacity to generate more consistent year-to-year motion picture performance,” CEO Jon Feltheimer said. The company will discuss its financial performance with analysts tomorrow.
By DAVID LIEBERMAN, Financial Editor | Tuesday May 31, 2011 @ 4:25pm EDTTags: Lionsgate, Lionsgate Finance
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