Liberty Capital Q3 revenue rises on wireless and business data growth
Liberty Capital Q3 revenue rises on wireless and business data growth
Overview
US communications provider's Q3 revenue rose 4% yr/yr to $267 mln
Outlook
Company did not provide specific financial guidance for the current quarter or full year in the press release
Result Drivers
WIRELESS AND BUSINESS DATA – Q3 revenue growth was driven by higher consumer wireless revenue and business data revenue
SERVICE UPGRADES – Business data revenue rose on service upgrades for existing healthcare and education customers
Company press release: ID:nBwb4cBqWa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| $267 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the integrated telecommunications services peer group is "buy"
Wall Street's median 12-month price target for Liberty Capital Corporation is $54.00, about 134.1% above its November 4 closing price of $23.07
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago
Reuters Recommended Reads
Nov 4 - ATN International Q3 operating income rises as revenue holds steady
Nov 4 - Liberty Latin America's Q3 adjusted OIBDA rises
Nov 4 - Lumen Q3 revenue falls 12%, slightly misses estimates
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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NASDAQ RESUMED AT 09:37 AM