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Lions Gate shares pop amid surprise profits

The cast of the television show 'Mad Men' ring the opening bell of the New York Stock Exchange on March 21, 2012.
Stan Honda | AFP | Getty Images
The cast of the television show 'Mad Men' ring the opening bell of the New York Stock Exchange on March 21, 2012.

Shares of Lions Gate Entertainment surged nearly 7.6 percent on Thursday after the company posted a surprise profit.

The movie studio posted fiscal fourth-quarter earnings per share of 7 cents on Wednesday, while analysts polled by Reuters expected a loss of 2 cents a share.

Revenue for the company also came above consensus estimates, as TV show revenue helped the firm offset softer results from its movies.

Lions Gate's stock was down nearly 35.5 percent over the past 12 months. .

LGF in 2016Source: FactSet

— CNBC's Peter Schacknow contributed to this report.