Lions Gate Entertainment (LGF) posted s loss for its fiscal second quarter late yesterday, of $29.7 million, or $0.22 per share, compared to a profit of $31.7 million, or $0.26 per share, in the same quarter last year.
Earnings per share were below Wall Street Forecasts, but revenue increased 25%, to $456.3 million, well ahead of analyst expectations.
Investor Carol Icahn, who owns a third of Lions Gate, has an offer out to buy outstanding shares of the company through Friday for $7.50 per share. Lions Gate shares are trading down 2.5% Wednesday.
A check of its competitors at the box office: DreamWorks (DWA) is trading down 2.5%, while Disney (NYSE:DIS) trades down over 0.6%.
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