Lions Gate Entertainment Corporation Class B Non-Voting Shares Q1 EPS Adj $0.09 Beats $(0.18) Estimate, Sales $834.70M Miss $885.91M Estimate
Portfolio Pulse from saritha@benzinga.com
Lions Gate Entertainment Corporation Class B Non-Voting Shares (NYSE:LGF) reported Q1 earnings per share of $0.09, beating the analyst estimate of $(0.18) by 150%. However, sales of $834.70 million missed the $885.91 million estimate, marking an 8.13% decrease from the same period last year.
August 08, 2024 | 9:58 pm
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Lions Gate Entertainment Corporation Class B Non-Voting Shares (NYSE:LGF) reported Q1 EPS of $0.09, beating estimates by 150%, but sales missed by 5.78%.
The significant beat on EPS is likely to have a positive short-term impact on the stock price, despite the sales miss. Investors often react more strongly to earnings beats.
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RELEVANCE 100