NEW YORK (TheStreet) -- Shares of Lions Gate Entertainment  (LGF) are soaring by 8.81% to $21.50 in after-hours trading on Wednesday, after the company reported better-than-expected 2016 fourth quarter earnings and revenue. 

After the market close, the Santa Monica, CA-based film maker reported adjusted earnings of 7 cents per share, while analysts' were anticipating a loss of 1 cent per share. 

Revenue grew to $791 million from $646 million a year ago, topping analysts' estimates for $741 million for the most recent period. 

The new global deal for the Lions Gate-produced Netflix (NFLX) series Orange is the New Black and the Pilgrim Studios acquisition from November 2015 drove revenue higher, according to a company statement. 

"Our television business had a record year with all categories contributing great results, and we expect its strong growth to continue this year," CEO Jon Feltheimer said. "Although last year's film slate didn't match the performance of previous years, this year's slate is bigger, more balanced and is expected to generate greater profitability."

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of B.

Lions Gate's strengths such as its good cash flow from operations and expanding profit margins are countered by weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and generally higher debt management risk.

You can view the full analysis from the report here: LGF

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.