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GLIBK — Liberty Capital News Story

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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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