Why Shares of Lionsgate Jumped 12.5% on Friday
Shares of Lionsgate (NYSE: LGF.A) (NYSE: LGF.B) jumped as much as 12.5% in trading on Friday after reporting second-quarter fiscal 2021 results. At 3:10 p.m. EDT shares were holding up 11.2% and look like they'll end the week on a very positive note.
Quarterly revenue fell from $983.5 million a year ago to $745.0 million, and net loss was $18.4 million, or $0.08 per share, as movies were all but shut down. And results even fell below the $760.4 million in revenue and $0.03 loss that analysts expected.
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Source Fool.com
