Lionsgate Stock Sags Following Lowered Guidance

Lionsgate stock closed down 12% today, as investors reacted to the company’s revised guidance for the next two years.

Although the company yesterday beat Wall Street earnings estimates for its third quarter, executives cautioned Thursday that growth would slow to “mid to high single digits” because of increased investment in content — especially in original programming at Starz.

Cowen & Co.

analyst Doug Creutz wrote that he was a little surprised by the revised guidance…

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