Why Lions Gate Entertainment Stock Surged Higher Today
Shares of Lions Gate Entertainment (NYSE: LGF-A) (NYSE: LGF-B) were surging Friday after the media company delivered strong fiscal second-quarter earnings results after the bell on Thursday. As of 1:57 p.m. EDT, its class A shares were up 26.4%, and its class B shares were up by 30%.
For the period, which ended Sept. 30, revenue increased 19% year over year to $887 million, while operating profit was roughly on par with the year-ago quarter at just $29.8 million.
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Source Fool.com
