Lions Gate swings to profit on TV, lower costs

LOS ANGELES (Reuters) - Independent film studio Lions Gate Entertainment Corp on Monday swung to a profit on gains at its television operations, new revenue from TV Guide.com and lower film production costs.

Shares of the company rose nearly 11 percent in after-hours trade, to $6, after closing at $5.41 on the New York Stock Exchange.

Lions Gate reported a second-quarter net profit of $31.7 million, or 26 cents a share, compared with a year-earlier loss of $51.8 million, or 44 cents a share. Revenue rose 3 percent to $393.7 million in the quarter, which ended September 30.

Analysts, on average, expected revenue of $375.4 million for the quarter, according to Thomson Reuters I/B/E/S.

(Reporting by Gina Keating; Editing by Steve Orlofsky)