To: ~digs who wrote (124 ) 8/22/2005 7:14:05 PM From: ~digs Read Replies (2) | Respond to of 843 Less than two weeks ago, LGF had a record day for shares traded. Here's why: --------- Aug. 10, 2005 --Shares of Lions Gate Entertainment slid Wednesday morning after the company said that its loss in its fiscal first quarter widened even as its revenue rose on strong DVD sales. Lions Gate shares were down 64 cents, or 6.4%, to $9.41. The company said after the market closed Tuesday that it lost $21.8 million, or 21 cents a share, in the quarter ended June 30, compared to a loss of $11.5 million, or 12 cents a share, in the year ago period. Revenue rose to $194.2 million from $188.7 million, driven by the film "Crash" and DVD sales of "Diary Of a Mad Black Woman," "Alone In the Dark" and "Beyond the Sea," among other titles. Analysts polled by Thomson First Call were expecting a profit of 1 cent a share on revenue of $183.4 million. Motion picture revenue fell 7.6% to $147 million, as the quarter's theatrical releases did not compare favorably to "Fahrenheit 9/11," "Godsend" and "The Punisher" in the same quarter last year. Television production revenue jumped 60.5% to $45.9 million on deliveries of all five of the company's prime time cable and broadcast network TV series, including "The Dead Zone," "Missing," "Wildfire," "Weeds" and "The Cut." "Given the video release of 'Diary of a Mad Black Woman' during the quarter and the continuing video revenue sharing profits from 'Saw,' we anticipated stronger video growth in the period," said Alan Gould, analyst at Natexis Bleichroeder, in a note to clients. Gould, who summed up the period as a "lousy quarter" for Lions Gate, said he also underestimated the amount of money the company spent on such small independent films as "High Tension" during the quarter. Lions Gate will face difficult comparisons in the third quarter to the year-ago period's proceeds from "Fahrenheit 9/11," "Open Water" and "The Cookout," Gould said. marketwatch.com --------------- Unless Cramer is losing his clout, the gap created by the above news will likely be closed on Tuesday.