Liberty Media Corporation (NASDAQ:FWONA) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.06 per share.
For the full year, analysts predict revenues of $ 1319.27 million, while looking forward to loss of $ 2.38 per share.
Previous Quarter Performance
Liberty Media Corporation revealed loss for the second quarter of $ 0.86 per share, from the revenue of $ 24.00 million. The quarterly revenues decreased 96.13 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.71 per share from $ 24.25 million in revenue. The bottom line results missed street analysts by $ 0.15 or 21.13 percent, at the same time, top line results fell short of analysts by $ 0.25 million or 1.03 percent.
Stock Performance
Shares of Liberty Media Corporation traded up $ 1.40 or 4.08 percent on Wednesday, reaching $ 35.72 with volume of 45.10 thousand shares. Liberty Media Corporation has traded high as $ 35.89 and has cracked $ 34.10 on the downward trend
The closing price of $ 35.72, representing a 103.44 % increase from the 52 week low of $ 16.87 and a 26.23 % decrease over the 52 week high of $ 46.52.
The company has a market capital of $ 8.89 billion and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
Conference Call
Liberty Media Corporation will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.libertymedia.com/companies/formula-one-group.html
Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors championship and drivers compete for the drivers championship. The company is based in Englewood, Colorado.
