Stocks in the news: Lions Gate, CIT, VMware, Fluor

The following post rounds up the companies making headlines today:

Lions Gate Entertainment (LGF) reported Monday its fiscal first-quarter profit rose to $36.3 million, or 30 cents a share, from $3.5 million, or 3 cents a share, in the year-ago period, beating analyst forecast. Revenue jumped 30 percent. Stock jumped nearly 12 percent ahead of the bell.

CIT Group Inc. (CIT), the commercial lender that was bailed out by private investors in recent weeks to avoid bankruptcy, said that it had been unable to file its quarterly report with the SEC by the Aug. 10 deadline without incurring "unreasonable effort and expense." CIT reiterated that it expects to report a net loss of more than $1.5 billion for the quarter. Shares declined over 22 percent at last check.


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