Lions Gate Entertainment Corporation Class A Voting Shares Q1 Adj $(0.04) Misses $0.19 Estimate, Sales $908.60M Beat $868.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lions Gate Entertainment Corporation Class A Voting Shares (NYSE:LGF) reported Q1 losses of $(0.04) per share, missing the analyst consensus estimate of $0.19 by 121.05%. However, the company reported quarterly sales of $908.60 million, beating the analyst consensus estimate of $868.01 million by 4.68%.
August 09, 2023 | 9:01 pm
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Lions Gate Entertainment's Q1 earnings missed estimates but sales beat expectations. This mixed result could lead to uncertainty in the market.
Lions Gate Entertainment's Q1 earnings missed the analyst consensus estimate by a significant margin, which could negatively impact the stock. However, the company's sales beat the estimate, which could offset some of the negative impact. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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