Lions Gate Entertainment Corporation Class B Non-Voting Shares Q3 EPS $0.27 Beats $(0.04) Estimate, Sales $975.10M Miss $1.01B Estimate
Portfolio Pulse from saritha@benzinga.com
Lions Gate Entertainment Corporation Class B Non-Voting Shares (NYSE:LGF) reported Q3 earnings of $0.27 per share, surpassing the $(0.04) estimate, marking a 775% beat and a 3.85% increase from last year. However, their quarterly sales of $975.10M missed the $1.01B estimate by 3.46%, showing a 2.49% decrease from the previous year.
February 08, 2024 | 9:14 pm
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POSITIVE IMPACT
Lions Gate Entertainment's Q3 earnings surpassed expectations with a significant beat on EPS, but sales fell short of estimates.
The substantial beat on the EPS estimate is likely to positively impact investor sentiment towards LGF in the short term, despite the slight miss on sales. The earnings growth compared to the same period last year indicates operational efficiency and could outweigh concerns about the sales miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100