Lions Gate Entertainment (NYSE:LGF) fell over 11% after its latest earnings report, causing some commentators to suggest the company disappointed with its performance, even though everyone following the company knew its flagship property The Hunger Games wasn't a factor in the quarter, and its latest film Divergent, was only released 11 days before the end of the quarter.
So I'm not sure what analysts were looking at to call the performance of the company a disappointment, as it pretty much performed as should have been expected, in my opinion.
As for the Divergent film, the good news is the costs were incurred during the latest quarter, while the majority of the revenue and earnings will be applied to...
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