Lions Gate Entertainment (LGF) reported fourth quarter adjusted EPS of $0.61 after the close Thursday, compared to the loss of $0.06 in the prior year period. The consensus estimate was for EPS of $0.44.
Lions Gate Entertainment gapped up Friday and climbed during the first 2 hours of trade, before profit taking set in. The stock finished up by 0.77 at $28.80, with volume at a 6-month high, challenging the highs of the year.
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