Liberty Global (NASDAQ:LBTYB) Trading 9.2% Higher Following Strong Earnings

Key Points

• Shares jumped 9.2% after Liberty Global reported EPS of $0.96 for the quarter, beating analysts' consensus of ($0.35) by $1.31; the stock traded up to $16.90 and last traded at $16.57.
• Despite the beat, the company shows weak underlying profitability with a negative return on equity (-58.32%) and a negative net margin (-146.30%), and a price-to-earnings ratio of -0.75.
• Trading was thin—only about 4,356 shares changed hands (down ~91% versus average)—and the company has a market capitalization of $5.24 billion.

Liberty Global Ltd (NASDAQ:LBTYB - Get Free Report)'s share price rose 9.2% during trading on Friday following a stronger than expected earnings report. The company traded as high as $16.90 and last traded at $16.57. Approximately 4,356 shares changed hands during trading, a decline of 91% from the average daily volume of 49,809 shares. The stock had previously closed at $15.18.

The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of ($0.35) by $1.31. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.

Liberty Global Stock Up 3.0%

The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of -0.75 and a beta of 0.30. The business has a 50-day moving average of $13.74 and a 200-day moving average of $12.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08.

Liberty Global Company Profile

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland, Belgium, Switzerland, Central and Eastern Europe, and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.

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