UPDATE: Lions Gate Posts Q2 Net Loss

Lions Gate Entertainment

reported a net loss in the second quarter. Lions Gate posted a quarterly net loss of $44.2 million, or $0.33 per share, versus a year-ago profit of $10.3 million, or $0.08 per share. Its revenue surged 81% to $471.8 million, from $261.3 million. The company's adjusted income came in at $17.1 million. However, analysts were expecting a profit of $0.09 per share. Lions Gate shares closed at $13.25 yesterday.