Lionsgate reported second-quarter earnings on Thursday that exceeded forecasts set by Wall Street as the studio’s film business saw profit balloon nearly 300%.
The media and entertainment company reported a net income attributable to shareholders of $1.8 million, or 1 cent per share. Adjusted per-share earnings was 22 cents for the quarter. Analysts following the stock via Yahoo Finance had expected Lionsgate to report a loss of 5 cents per share.
During the same quarter a year ago, Lionsgate reported a net loss of $144.1 million, or a 67 cents loss per share.
Revenue for the quarter was $983.5