Lionsgate Studios Corp (NASDAQ: LION) saw its stock price soar 11.14% in intraday trading on Friday.
The surge follows the release of the company's fiscal fourth-quarter 2026 financial results, which showed a significant earnings beat. The entertainment company reported adjusted earnings of $0.37 per share, beating the analyst consensus estimate of $0.24 by 54.17%. Quarterly revenue reached $906.5 million, also surpassing expectations by 11.89%.
The strong performance was driven by improved profitability, including a 52% year-over-year increase in operating income. The company's adjusted OIBDA rose to its highest quarterly level in 12 years. Wall Street analysts maintain a "buy" rating on the shares.
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