Yahoo Finance Liberty Global First Quarter 2024 Earnings: Beats Expectations
Liberty Global (NASDAQ:LBTY.A) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.95b (up 4.1% from 1Q 2023).
Net income: US$510.0m (up from US$721.4m loss in 1Q 2023).
Profit margin: 26% (up from net loss in 1Q 2023). The move to profitability was primarily driven by lower expenses.
EPS: US$1.35 (up from US$1.59 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Liberty Global Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Telecom industry in the US.
Performance of the American Telecom industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Liberty Global has 1 warning sign we think you should be aware of.
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