Lions Gate profit boosted by 'Hunger Games', 'Now You See Me'

Reuters News
Posted: Feb 06, 2014 4:51 PM

(Reuters) - Film distributor Lions Gate Entertainment Corp reported a better-than-expected rise in quarterly earnings due to the success of "The Hunger Games: Catching Fire", "Escape Plan" and "Now You See Me".

Third-quarter earnings more than doubled to $88.8 million, or 59 cents per share, from $37.8 million, or 27 cents per share, a year earlier.

Excluding items, the company earned 64 cents per share in the three months ended December 31.

Revenue jumped 13 percent to $839.9 million.

Analysts had expected Lions Gate to earn 44 cents per share on revenue of $834 million, according to Thomson Reuters I/B/E/S.

(Reporting by Richa Naidu in Bangalore; Editing by Don Sebastian)