Lionsgate�gave investors an unexpected and mixed sneak peek at its latest earnings results today when the studio announced its plan for a $150 million debt offering.�The Street will have to wait until May 31 for precise numbers showing how Lionsgate did in the quarter that ended in March, which is also the end of its fiscal year. But the debt offering says that the results will show revenue for the year of between $1.5 billion and $1.6 billion not including the TV Guide Network, which�Lionsgate no longer consolidates on its books. That's short of the $1.62 billion that analysts were expecting, but in line with the company's forecast�last year that it would exceed the $1.49 billion in revenue that it generated in year ending March 2010 (also after taking out TV Guide Network). As for the bottom line, Lionsgate projects a net loss of between $66 million and $78 million.�The bigger loss figure would startle most analysts even though they expect a jump from last year's $19.5 million loss due to the added costs to fight billionaire Carl Icahn's takeover attempt among other things. Still, Lionsagate adds in this morning's SEC filings that it will end the current fiscal year with between $80 million and $100 million in adjusted EBITDA, ahead of the $75 million it forecast. The company also said it will have anywhere from $1 million to $10 million in free cash flow, in line with ... Read More »Parker Posey Monica Potter Annie Potts Phyllis Povah Jane Powell
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