|Back to main|
Earnings Roundup: Lions Gate a Rare Beat
11/8/2012 5:27:00 PM
By: Wyatt Investment Research
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: