Liberty Broadband Q1 2024 GAAP EPS $1.69 Misses $2.80 Estimate, Sales $245.000M Miss $248.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Broadband (NASDAQ:LBRDA) reported Q1 2024 GAAP EPS of $1.69, missing the $2.80 estimate, with sales of $245M also missing the $248.5M estimate, marking a 0.41% decrease from the previous year.
May 08, 2024 | 12:34 pm
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NEGATIVE IMPACT
Liberty Broadband reported lower than expected Q1 2024 earnings and sales, missing estimates and showing a slight decrease from last year.
Missing both EPS and sales estimates significantly, especially with a 39.64% miss on the EPS estimate, is likely to negatively impact investor sentiment and stock price in the short term. The year-over-year sales decrease, although slight, further emphasizes the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100