Lions Gate Entertainment (LGF) were adding to the day’s losses, tumbling 7% after hours following the company’s fiscal fourth-quarter earnings report.
The company said it lost $22.7 million, or 17 cents a share, down from earnings of 34 cents a share in the year-ago period. It said revenue grew to $645.2 million, a 71% increase from the $376.9 million in the prior year quarter. Analysts were expecting the company to earn 26 cents a share on revenue of $643 million.
The company reported revenue of $1.59 billion and net loss of $39.1 million for the full fiscal year 2012, which ended� on March 31.
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