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Actionable news in LGF: LIONS GATE ENTERTAINMENT,

Lions Gate (LGF) Stock Pops on Q1 Beat, Jefferies Drops Price Target

NEW YORK (TheStreet) -- Shares of Lions Gate Entertainment (LGF) were jumping 8.14% to $20.59 early Friday morning after the company beat estimates for its 2017 first quarter earnings and revenue.

Following Thursday's market close, the Santa Monica, CA-based entertainment company posted adjusted earnings of 19 cents per diluted share on revenue of $553.6 million. Analysts were modeling earnings of 17 cents per share and revenue of $494.34 million for the period.

Despite the beat, analysts at...


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