Why Lionsgate Studios Stock Soared by 16% Today
Lionsgate Studios (NYSE: LION) was roaring like its namesake animal on the stock exchange as the trading week came to a close. Investors bought into its shares following the release of a very encouraging quarterly earnings report, and as a consequence, it closed the day almost 16% higher in value.
After market close on Thursday, Lionsgate raised the curtain on its fiscal fourth quarter of 2026. Revenue came in at $906.5 million, bettering the $865.6 million in the same period of fiscal 2025. A much greater improvement was seen in the company's net income not under generally accepted accounting principles (GAAP), which more than tripled to nearly $112 million ($0.37 per share).
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Source Fool.com
