ENGLEWOOD, Colo. – In a story May 8 about Liberty Media’s earnings — generated by Automated Insights using data from Zacks Investment Research — the Associated Press reported erroneously the company’s stock performance over the last 12 months. At that time, Liberty Media shares had risen 10.6 per cent over the last 12 months.
A corrected version of the story is below:
Liberty Media reports 1Q loss
Liberty Media reports 1st-quarter loss of $19 million
ENGLEWOOD, Colo. (AP) — Liberty Media Corp. (LMCA) on Friday reported a first-quarter loss of $19 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Englewood, Colorado-based company said it had a loss of 6 cents.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The media and entertainment company posted revenue of $1.08 billion in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.1 billion.
Liberty Media shares have risen slightly more than 7 per cent since the beginning of the year. The stock has risen 10.6 per cent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LMCA at http://www.zacks.com/ap/LMCA
Keywords: Liberty Media, Earnings Report