Shares of Lions Gate Entertainment Corp. edged down in Tuesday's extended session after the entertainment company said its television production segment underperformed other departments. Lions Gate reported its fiscal first-quarter earnings rose to $173.8 million, or 80 cents a share, from $1.3 million, or a penny a share, a year earlier. On an adjusted basis, the company behind hits like "La La Land" would have earned 52 cents a share. Revenue jumped to $1.01 billion from $553.6 million. Television production segment revenue fell 18.6% to $156.6 million while its motion picture segment rose 15.8% to $472.4 million. Lions Gate's first-quarter data include Starz's results which it bought it bought at the end of last year. Analysts surveyed by FactSet had forecast earnings of 20 cents a share on revenue of $997 million. Lions Gate shares fell 0.1% after hours.
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