Lions Gate Trades Up on Higher Q4 Profit

released its fiscal fourth-quarter earnings results after the closing bell on Thursday. The company reported both earnings per share and revenue that was well above Wall Street consensus estimates. In after hours trading, the stock was last up better than 4 percent to $29.25. Lions Gate reported a Q4 profit of $163 million or $1.10 per share, versus a loss of $22.7 million or $0.17 per share, in last year's corresponding period. Adjusted earnings were $0.61 per share compared to a loss of $0.06 per share, in last year's corresponding quarter. This easily beat analysts' consensus EPS estimates of $0.44. Revenue in the quarter rose to $785.7 million from $645.2 million last year. This also came in ahead of Wall Street sales expectations of $753.0 million for the fourth-quarter.