Lions Gate Entertainment Corp. said Friday its fiscal fourth-quarter profit jumped 19 percent, with sales above Wall Street's expectations thanks to strong box office, home entertainment, library and TV production revenue.
For the three months ended March 31, the company earned $29.8 million, or 22 cents per share, up 19 percent from $25 million, or 19 cents per share, in the same period a year earlier.
Revenue jumped 54 percent to $511.5 million from $331.6 million.
Analysts, on average, were expecting sales of $412.3 million, according to a poll by Thomson Financial.
For the full year, Lions Gate swung to a loss of $74 million, or 62 cents per share, compared with a profit of $27.5 million, or 25 cents per share, a year earlier.
Revenue rose 39 percent to $1.36 billion from $976.7 million.
The company attributed its full-year loss to higher theatrical distribution and marketing costs related to the expansion of its motion picture slate.
Shares fell 55 cents, or 5.2 percent, to $10.10 in after-hours electronic trading. The stock earlier ended regular trading up 80 cents, or 8.1 percent, at $10.65.
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