Sony Earnings Slammed By Tsunami and PlayStation Woes

By | Monday May 23, 2011 @ 5:31am PDT

Sony said this morning that Japan’s earthquake and tsunami, and the security breach of its PlayStation Network, wreaked havoc with the company’s earnings. The electronics giant will report a $3.2 billion loss for the fiscal year that ended in March — a far … Read More »

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Lionsgate Plays Expectations Game: Debt Filing Hints At Upcoming Mixed Earnings

By | Monday May 9, 2011 @ 1:17pm PDT

Lionsgate gave investors an unexpected and mixed sneak peek at its latest earnings results today when the studio announced its plan for a $150 million debt offering. The Street will have to wait until May 31 for precise numbers showing how Lionsgate did in the quarter that ended in March, which is also the end of its fiscal year. But the debt offering says that the results will show revenue for the year of between $1.5 billion and $1.6 billion not including the TV Guide Network, which Lionsgate no longer consolidates on its books. That’s short of the $1.62 billion that analysts were expecting, but in line with the company’s forecast last year that it would exceed the $1.49 billion in revenue that it generated in year ending March 2010 (also after taking out TV Guide Network). As for the bottom line, Lionsgate projects a net loss of between $66 million and $78 million. The bigger loss figure would startle most analysts even though they expect a jump from last year’s $19.5 million loss due to the added costs to fight billionaire Carl Icahn’s takeover attempt among other things. Still, Lionsagate adds in this morning’s SEC filings Read More »

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