Lions Gate Entertainment Corp. (LGF) To Report Third-Quarter Results

Wunderlich Securities has released an update on Lions Gate Entertainment Corp. (NYSE: LGF). The company will report results for the third-quarter tomorrow.

Wunderlich expects the company to report sales of $347.7 million, a 6.1% increase. The company is expected to make a loss of $0.36 per share, according to Wunderlich’s estimate.

The management at Lions Gate is targeting $150 million in annual ultimate profitability on its film release slate by 2012. Wunderlich Securities has maintained a Hold rating for Lions Gate Entertainment Corp., with 12-18 month price target of $6.