Liberty Broadband Q1 2024 GAAP EPS $1.69 Beats $1.54 Estimate, Sales $245.000M Miss $251.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Broadband (NASDAQ:LBRDK) reported Q1 2024 earnings of $1.69 per share, surpassing the $1.54 estimate, marking a 259.57% increase from last year. However, their sales of $245M fell short of the $251M estimate, a slight 0.41% decrease from the previous year.
May 08, 2024 | 12:18 pm
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Liberty Broadband's Q1 2024 earnings exceeded expectations with a significant year-over-year increase, though sales slightly missed estimates.
The substantial beat on the earnings per share (EPS) estimate and the significant year-over-year growth in earnings are likely to be viewed positively by investors, potentially leading to a short-term uptick in the stock price. The slight miss on sales estimates may temper some of the enthusiasm, but the strong earnings performance is expected to be the dominant factor in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100