Lionsgate (LGF) Announces Stake Purchase by Discovery Communications and Liberty Global; Stifel Reiterates Buy

Lions Gate (LGF) PT Lifted to $44 at Jefferies Following Discovery and Liberty Global Investment

November 11, 2015 8:45 AM EST

Yesterday, Discovery & Liberty Global announced that each will take a 3.4% stake in Lions Gate (NYSE: LGF), and Zaslav and Fries will sit on LGF's Board. Jeffries analyst, John Janedis, views the investments positively, as it creates opportunities for many strategic partnerships since DISCA, STRZA and LBTYK all serve as distribution... More

UPDATE: Discovery (DISCA), Liberty (LBTYA) Take Stakes in Lionsgate (LGF)

November 10, 2015 9:41 AM EST

(Updated - November 10, 2015 9:52 AM EST)

Liberty Global plc (Nasdaq: LBTYA)(Nasdaq: LBTYB)(Nasdaq: LBTYK)(Nasdaq: LILA)(Nasdaq: LILAK), Discovery Communications Inc. (Nasdaq: DISCA)(Nasdaq: DISCB)(Nasdaq: DISCK) and Lions Gate Entertainment Corp. (NYSE: LGF) announced a transaction under which Liberty Global and Discovery Communications each have agreed in principle subject to documentation to... More

Pre-Open Stock Movers 11/10: (OCAT) (MDR) (RAX) Higher; (MHR) (LF) (FTK) Lower (more...)

November 10, 2015 9:30 AM EST

Ocata Therapeutics, Inc. (NASDAQ: OCAT) 88.6% HIGHER; Astellas Pharma Inc. and Ocata Therapeutics, Inc. (NASDAQ:... More

After-Hours Stock Movers 11/09: (BLCM) (MDR) (RAX) Higher; (LF) (SGMS) (LGF) (GPS) Lower (more...)

November 9, 2015 6:09 PM EST

LeapFrog Enterprises (NYSE: LF) 23.7% LOWER; reported Q2 EPS of ($0.48), $0.29 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $67.2 million versus the consensus estimate of $88.49 million. The Company's updated outlook for fiscal year 2016 is for net sales to contract considerably relative to the prior year, and operating losses, excluding goodwill and impairments to be greater than fiscal year 2015... More

Lionsgate (LGF) Posts Q2 Loss of 28c/Share

November 9, 2015 4:01 PM EST

Lionsgate (NYSE: LGF) reported Q2 EPS of ($0.28), $0.31 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $476.8 million versus the consensus estimate of $491 million.

The Company's financial results in the quarter were affected by timing of episodic television... More

Wall St. indexes drop 1 percent as rate hike looms

November 9, 2015 7:26 AM EST

By Noel Randewich

(Reuters) - The S&P 500 index suffered its worst loss in six weeks on Monday as Wall Street braced for an interest-rate hike and fretted about weak Chinese trade data.

Nine of the 10 major S&P sectors ended lower, led by consumer discretionary and energy stocks. The Dow Jones industrial average slipped back into negative territory for the year, with only two of its 30 components higher on the day.

U.S. companies face the prospect of higher borrowing costs if the Federal Reserve raises interest rates next month, as is widely expected after Friday's strong... More