Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) Posts Earnings Results

Key Points

• Liberty Media Corporation - Liberty Formula One Series B reported earnings of $1.52 per share for the latest quarter, according to Zacks reports.
• Shares of FWONB experienced a 2.2% decline following the earnings announcement, with current trading around $88.00.
• The company has a market cap of $21.95 billion and a PE ratio of -220.00, reflecting its current financial standing.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $1.52 EPS for the quarter, Zacks reports. The firm had revenue of $1.20 billion during the quarter.

Liberty Media Corporation - Liberty Formula One Series B Stock Performance

Shares of Liberty Media Corporation - Liberty Formula One Series B stock remained flat at $87.25 during trading on Tuesday. The stock has a 50 day moving average of $89.72 and a two-hundred day moving average of $84.02. Liberty Media Corporation - Liberty Formula One Series B has a 52-week low of $69.00 and a 52-week high of $91.75. The firm has a market capitalization of $21.76 billion, a P/E ratio of 85.54 and a beta of 0.42.

Liberty Media Corporation - Liberty Formula One Series B Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.