) are trading lower on Friday despite the entertainment giant's better-than-expected results for both revenue and income in its fourth-quarter earnings report. This comes as the company prepares a restructuring, with the studios and stars businesses to separate.The results come after the launch of Lions Gate Studios as a publicly traded company earlier this month, Lions Gate also preparing for the full separation of its studio and Stars businesses.
The only thing that maybe makes sense is that there is a little bit confused about what this company is gonna look like after this, right?But we don't know what the future of the Stars business and the TV business is.Profit went up as well, but motion pic picture segment revenue was down by 23% and profit fell as well.
According to S3 Partners, it's about 12% of float right now, but that might be partly responsible for this continued squeeze. And so, for a stock that's been beaten down and arguably has a harder time with higher interest rates, which is what we're talking about, that positive free cash flow means a lot.
A rogue document apparently showing Russian intention to expand its territory in the Baltic region surfaced in the past few days.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »