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Lions Gate reports Q1 profit, smashing estimates

Posted Aug 11th 2009 8:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Time Warner (TWX), Walt Disney (DIS), Media World, Film, Lions Gate Entertainment (LGF)

Boy, was I wrong. I wasn't bullish on Lions Gate Entertainment (NYSE: LGF) as an earnings trade. Well, the stock closed higher by 8% on Monday, and shares rocketed another 15% in the after-hours session. It was an amazing sight.

The market loved the first-quarter report, obviously. Revenues increased 30%, helped in part by the TV Guide acquisition. Earnings per diluted share were 30 cents. That was ten times higher than the income reported one year ago. According to Reuters, the adjusted profit was 21 cents per share. Doesn't matter, it was still blazingly better than the loss Wall Street was expecting.

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Disney and Pixar rule box office with 'Up'

Posted Jun 1st 2009 9:00AM by Steven Mallas (RSS feed)
Filed under: General Electric (GE), Time Warner (TWX), Walt Disney (DIS), News Corp'B' (NWS), Film

Disney (NYSE: DIS) soared to the number-one spot this past weekend with its new Pixar project, Up. The computer cartoon grossed roughly $68 million at domestic theaters as of early estimates, according to Boxofficemojo.

Disney took a lot of thunder away from News Corp. (NYSE: NWS) and its Ben Stiller comedy/fantasy Night at the Museum: Battle of the Smithsonian. That movie dropped to second place, taking in about $25 million.

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