Lionsgate swings to loss in fiscal 2008

SAN FRANCISCO (MarketWatch) — Lionsgate Entertainment Corp. late Friday reported it swung to a net loss of $74 million, or 62 cents a share, in fiscal 2008 from a net income of $27.5 million, or 25 cents a share, in 2007. Revenue increased to $1.36 billion from $976.7 million a year ago. Analysts surveyed by FactSet Research had forecast a loss of 50 cents a share on revenue of $1.23 billion.
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