Liberty Global Reports Loss, Misses Estimates
Liberty Global (NASDAQ: LBTYA) announced its results for the third quarter on November 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:
Both EPS and revenues failed to meet Wall Street expectations as Liberty Global posted a loss of $1.18/share and revenues of $2.61 billion. Analysts were expecting a loss of 30 cents/share and revenues of $2.65 billion. EPS fell from 99 cents/share in the year-ago quarter while revenue climbed 16.2% from the same period last year.
Liberty Global's revenue has grown during each of the past three quarters on a year-over-year basis.
Income:
Over the past year, Liberty Global reported net income of 9 cents/share. The company fell short of analysts' projections of $1/share.
Conference Call:
The conference call for third quarter earnings can be accessed here.
Official Comment:
Liberty Global's President and CEO Mike Fries said, "Our third quarter results highlight the increasing traction of our triple-play offers which were instrumental in delivering our best Q3 subscriber growth in history. Given the current environment, we continue to be impressed with our European operations, which produced approximately 90% of our Q3 net additions. With the fastest broadband speeds available and a stronger price-value relationship than our DSL-based competition, we are clearly gaining share in key markets."
Industry:
Liberty Global is in the cable TV industry. That industry is currently enjoying price/earnings growth of 1.2%.
What to Do Next:
Now you can make a better-informed decision about whether to buy, sell or hold Liberty Global shares until the next earnings announcement. Whatever you do, be sure to check back in with us before the company's next earnings release for a full prep sheet, just like the one we did here.
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