Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) Issues Quarterly 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) issued its earnings results on Thursday. The company reported $1.52 earnings per share for the quarter, Zacks reports.

Liberty Media Corporation - Liberty Formula One Series B Trading Down 2.2%

Shares of FWONB opened at $88.00 on Friday. The company's 50 day simple moving average is $89.45 and its 200-day simple moving average is $83.90. Liberty Media Corporation - Liberty Formula One Series B has a 12-month low of $68.00 and a 12-month high of $91.75. The firm has a market cap of $21.95 billion, a PE ratio of -220.00 and a beta of 0.42.

About Liberty Media Corporation - Liberty Formula One Series B

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.

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