Liberty Global Ltd Ord A (LBTYA) said after close Thursday that it lost $8.24 per share in quarter four 2023.
On the revenue line, the company reported $1.9 billion, beating estimates by $20.5 million.
In the same quarter a year ago, the company lost $9.22 per share on revenue of $1.8 billion.
The stock is down 7.18% to $17.90 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Liberty Global Ltd Ord A a Bullish Sentiment Rank from InvestorsObserver.
Liberty Global Ltd Ord A has performed a little below average during the past few months. Before the report, Liberty Global Ltd Ord A received a Long-Term Technical Rank by InvestorsObserver of 49, putting it in the bottom half of stocks. The firm set a 52-week low on November 1, 2023 at $15.01 and set a 52-week high on February 23, 2023 at $21.53.
Liberty Global is a holding company with interests in cable and telecom companies in the U.K., Netherlands, Belgium, Switzerland, Ireland, and Slovakia. Liberty is the owner of the main cable network in each of these geographies and has pursued a strategy since 2016 to merge or partner with mobile-network-operators to be able to offer converged services. Liberty also owns minority stakes in other media, entertainment, and cloud companies.
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Liberty Global Ltd Ord A Down 7.18% To $17.90 After Earnings Miss
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