Lionsgate posted stronger quarterly results, driven by the box office performance of its thriller 'The Housemaid.' Revenues rose while the studio returned to profit.
Lionsgate reported overall revenue of $906.5 million for the quarter ending March 31, up from $865.6 million a year earlier. The motion picture group led the gains with revenue reaching $652 million and segment profit climbing to $187.1 million. The studio also swung to a net profit of $70.2 million after posting a loss of $117.4 million in the prior-year period. Adjusted earnings per share came in at 37 cents, beating analyst estimates of 23 cents on revenue of $810.6 million.