Lions Gate Entertainment Corp., the movie studio behind the "Saw" horror franchise, said Monday it posted a larger-than-expected loss for its fiscal fourth quarter, though revenue came in better than forecast.
The company, based in Santa Monica, Calif., and Vancouver, British Columbia, said Monday its loss amounted to $29 million, or 25 cents per share. That reversed a year-ago profit of $29.8 million, or 22 cents per share.
Revenue fell 9 percent to $463.2 million from $511.5 million in the year-ago period.
Analysts polled by Thomson Reuters expected, on average, a smaller loss of 11 cents per share. Revenue, however, topped Wall …
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