Liberty Formula One Group Q1 EPS $0.07 Beats $0.04 Estimate, Sales $587.00M Beat $582.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Formula One Group (NASDAQ:FWONA) reported Q1 earnings of $0.07 per share, surpassing the $0.04 estimate, marking a 112.07% increase from last year's losses. Sales reached $587M, beating the $582.69M estimate, a 54.07% increase from the previous year.

May 08, 2024 | 12:25 pm
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Liberty Formula One Group reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $0.07 and sales at $587M.
The substantial beat on both earnings per share and sales estimates, coupled with a significant year-over-year growth, indicates a strong financial performance by Liberty Formula One Group. This is likely to positively influence investor sentiment and could lead to an uptick in FWONA's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100