Liberty Global Q3 EPS $(3.95) Misses $(0.69) Estimate, Sales $1.94B Beat $1.91B Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Global reported a significant earnings miss for Q3, with EPS at $(3.95) compared to the expected $(0.69). However, sales slightly exceeded expectations at $1.94 billion, up from $1.85 billion last year.
October 29, 2024 | 8:20 pm
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NEGATIVE IMPACT
Liberty Global's Q3 earnings per share missed expectations significantly, reporting $(3.95) against the expected $(0.69). Despite this, sales were slightly above estimates at $1.94 billion.
The significant miss on EPS is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term. The slight beat in sales is positive but may not be enough to offset the negative impact of the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100