Earnings Roundup: Lions Gate a Rare Beat


Let's start with the good news on yet another down day for the markets. Up-and-coming movie production company Lions Gate Entertainment ( LGF ) - which produced the smash-hit "Hunger Games" film in the spring - exceeded third-quarter earnings expectations to push shares up 6% in after hours.

Most of the day's other news was bad - including several earnings reports that were far weaker than Lions Gate's.

Stocks slipped again today after yesterday's post-election sell-off. The S&P 500 was down 1.2%, while the Nasdaq declined 1.4%. The Dow shed another 121 points to bring its two-day losses to more than 400 points.

Several big-name companies struggled amid less-than-stellar earnings reports. Here is how a couple of them fared:

  • Groupon ( GRPN ): The online daily deals company broke even in its third-quarter earnings, though its revenue fell short of expectations. That was enough to send the stock plummeting a whopping 16% in after hours on a day when the stock actually gained more than 4% during the trading day. At $3.30 a share, Groupon is now trading at a new all-time low and less than a fifth of its $20 IPO price last November.
  • Disney ( DIS ): Better times may be ahead after the company's LucasFilm purchase. But Disney didn't have its best quarter. Earnings matched analyst expectations as net income rose a healthy 14% from a year earlier. But revenue fell short of analyst estimates, even as it grew 3.2% from the same quarter a year ago. The revenue miss has pushed Disney shares down 2% in after hours.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: DIS , GRPN , LGF

Wyatt Investment Research

Wyatt Investment Research

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