AP NEWS
Click to copy
Click to copy

Liberty Media: 2Q Earnings Snapshot

August 9, 2019

ENGLEWOOD, Colo. (AP) _ Liberty Media Corp. (FWONK) on Thursday reported a second-quarter loss of $77 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Englewood, Colorado-based company said it had a loss of 33 cents.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The media and entertainment company posted revenue of $620 million in the period.

Liberty Media shares have climbed 34% since the beginning of the year. The stock has increased 21% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FWONK at https://www.zacks.com/ap/FWONK

All contents © copyright 2019 The Associated Press. All rights reserved.