Liberty Broadband Q3 2023 EPS $1.10 Misses $1.93 Estimate, Sales $240.00M Miss $257.00M Estimate
Portfolio Pulse from totan@benzinga.com
Liberty Broadband (NASDAQ:LBRDK) reported Q3 2023 earnings of $1.10 per share, missing the analyst consensus estimate of $1.93 by 43.01%. This is a 46.34% decrease from the same period last year. The company also reported quarterly sales of $240.00 million, missing the analyst consensus estimate of $257.00 million by 6.61%, a 3.23% decrease from the same period last year.
November 03, 2023 | 12:28 pm
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NEGATIVE IMPACT
Liberty Broadband's Q3 2023 earnings and sales missed estimates, with a significant YoY decrease in earnings per share and a slight decrease in sales.
Liberty Broadband's earnings and sales both missed estimates, which is likely to negatively impact investor sentiment and potentially the stock price in the short term. The significant YoY decrease in earnings per share is particularly concerning, indicating a potential decline in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100