This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stocks in Motion: Lions Gate

Updated from 12:04 p.m. EST

Shares of Comstock Homebuilding (CHCI) were among the Nasdaq's losers Monday, falling 9% after the homebuilder warned that fourth-quarter earnings would be below Wall Street forecasts.

Comstock sees fourth-quarter earnings of $1.01 to $1.10 a share. Analysts polled by Thomson First Call expected earnings of $1.21 a share. Comstock now sees full-year earnings of $2.50 to $2.60 a share, below its previous forecast of $2.68 to $2.73 a share. Analysts expected earnings of $2.70 a share.

Comstock also announced a repurchase plan for one million shares, and said it has begun planning an expansion into certain markets outside of its core Washington, D.C., market. Shares recently traded down $1.40 to $14.22.

J. Jill (JILL) shares rose 4% after the women's clothing retailer said it has hired financial adviser Peter J. Solomon Co. to help explore strategic options, including a possible sale. The move comes after Liz Claiborne (LIZ) offered to buy the company last month for $18 a share. J. Jill said at the time it would review the bid. In a statement Monday, Liz Claiborne said it is pleased J. Jill has decided to review strategic alternatives, and it looks forward to participating in the process. J. Jill shares recently changed hands at $19.14, up 76 cents.

Shares of Lions Gate Entertainment (LGF) slumped 11% after the movie producer and distributor lowered its fiscal 2006 earnings guidance. The company cut its earnings forecast to $15 million from its previous projection of $35 million. Lions Gate continues to expect free cash flow of more than $100 million and sales of more than $850 million. "The disappointing performance of the theatrical release In the Mix, coupled with recent softness of family home entertainment product, direct-to-video releases and decreasing library margins due to catalog product mix, has put pressure on this year's EBITDA," the company said. Analysts project earnings of 26 cents a share and sales of $873.2 million for the year ending March 31. Lions Gate shares recently fell $1.04 to $8.24.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs