Shares of Lionsgate Studios Corp (NASDAQ: LION) surged 8.42% in after-hours trading on Thursday following the release of the company's fiscal third-quarter results. The stock jump extended the regular session's gains.
For the quarter ended December 31, 2024, Lionsgate reported revenue of $970.5 million, beating analysts' average estimate of $968.3 million. Adjusted earnings per share came in at $0.28, significantly higher than the consensus estimate of $0.03 per share. The strong earnings beat appears to be the primary catalyst driving Lionsgate's sharp after-hours stock rally.
Lionsgate Studios is a leading global entertainment company focused on motion picture production and distribution. Its film franchises include The Hunger Games, John Wick, and Knives Out, among others. The company also has a television business producing shows like Outlander, American Horror Story, and The Continental.
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