Shares of Lionsgate Entertainment Corp. rose 1% late Thursday after the entertainment company reported fiscal 2018 third-quarter adjusted earnings and revenue above expectations. Lionsgate said it earned $193 million, or 87 cents a share, in the quarter, versus a net loss of $31 million, or 19 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $107 million, or 48 cents a share, in the quarter, compared with 20 cents a share a year ago. Revenue reached $1.14 billion, from $752 million a year ago. The company also said it resumed its quarterly cash dividend of 9 cents a share, payable May 1 to shareholders of record March 31. Analysts polled by FactSet had expected adjusted earnings of 41 cents on sales of $1.08 billion.
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