Liberty Global Reports Loss
Liberty Global (NASDAQ: LBTYA) announced its results for the second quarter on August 2, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.
Earnings and Revenue:
Liberty reported a loss of $1.37/share and revenue of $2.62 billion. Revenue rose 21% from the year-ago quarter while EPS was up from a loss of $2.66/share.
Liberty Global's revenue has now risen for two straight quarters. Revenue increased 11.6% to $2.43 billion in the previous quarter.
Income:
For the year, Liberty Global reported net income of one cent/share. The company fell short of analysts projections of $1.23. According to the reported number, the company's income fell 49.4% from last year's levels.
Conference Call:
The conference call for second quarter earnings can be accessed here.
Official Comment:
Liberty Global's President and CEO Mike Fries said, "Our second quarter results demonstrate continued strength in our core European cable business, driven by our systems in Western Europe6 which generated rebased revenue and OCF growth of 5% and 10%, respectively. Nowhere was this more evident than in Germany where strong consumer demand for our triple-play offers helped to deliver rebased revenue and OCF growth of 8% and 18%."
Industry:
Liberty Global's industry, cable TV, is currently reporting price/earnings growth of 0.4%.
What to Do Next:
Now you're all set to decide what to do with those Liberty Global shares until the next earnings announcement. Whether you buy, sell or hold, check back with before the company's next earnings release for a full preview.
- To see up-to-date news on Liberty Global, click here
- To see other trading ideas, click here
- To see other company earnings recaps, click here
