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Lions Gate Entertainment (LGF) Has Broken Out To A New High

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Lions Gate Entertainment (LGF: Quote) reported a third quarter net loss of $0.01 per share after the close Thursday, compared to the loss of $0.04 per share last year. The consensus estimate was for EPS of $0.09.

Lions Gate Entertainment has been gaining ground for the bulk of early trade Friday and is currently higher by 0.95 at $11.96. The stock has broken out of a 2 1/2 week trading range and has set a new high for the year.

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by RTT Staff Writer

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