Liberty Formula One Group Q4 Sales $1.23B Miss $1.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Formula One Group (NASDAQ:FWONA) reported Q4 sales of $1.23 billion, missing the consensus estimate of $1.26 billion by 2.38%. However, this represents a 63.13% increase over the previous year's sales of $754.00 million.
February 28, 2024 | 1:22 pm
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Liberty Formula One Group's Q4 sales of $1.23 billion missed estimates but showed significant year-over-year growth.
While FWONA missed the quarterly sales estimate, the significant year-over-year growth indicates strong business performance. The miss is relatively small (2.38%), suggesting a neutral short-term impact on the stock price as investors may weigh the positive growth more heavily.
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