Lions Gate Entertainment Corp., the independent producer of movies including "Saw III" and "Employee of the Month," reported a quarterly loss that was about the same as a year earlier, as home video revenue slipped.
The net loss in the company's fiscal second quarter was $14.4 million, or 14 cents a share, compared with a net loss of $14.1 million, or 14 cents, a year earlier. Revenue advanced to $218.2 million from $211 million.
Analysts, on average, had forecast a loss of 3 cents a share before certain items and revenue of $220.2 million, according to Reuters Estimates.
The company said revenue from home video sales, its largest business, fell 4% to $115.1 million as it released fewer movies on DVD during the quarter. Revenue also declined in television production, mainly because of lower international revenue and decreased domestic licensing revenue.