Liberty SiriusXM Gr Q2 2024 GAAP EPS $0.08 Misses $0.74 Estimate, Sales $2.18B Miss $2.22B Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty SiriusXM Group (NASDAQ: LSXMK) reported Q2 2024 GAAP EPS of $0.08, missing the analyst consensus estimate of $0.74 by 89.19%. The company also reported quarterly sales of $2.18 billion, missing the estimate of $2.22 billion by 1.80%. This represents a 3.20% decrease from the same period last year.
August 08, 2024 | 12:24 pm
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Liberty SiriusXM Group (NASDAQ: LSXMK) reported disappointing Q2 2024 earnings, with GAAP EPS of $0.08 missing estimates by 89.19% and sales of $2.18 billion missing by 1.80%. This also marks a 3.20% decrease in sales compared to the same period last year.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100