Liberty Broadband Corporation (NASDAQ:LBRDA) is set to announce third quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, LBRDA to report 3Q20 revenue of $ 4.20 million.
For the full year, analysts anticipate top line of $ 20.50 million.
Previous Quarter Performance
Liberty Broadband Corporation reported income for the second quarter of $ 0.39 per share, from the revenue of $ 4.11 million. The quarterly earnings increased 160.00 percent while revenues extended 10.78 percent compared with the same quarter last year.
According to street consensus, LBRDA was expected to report 2Q20 income of $ 0.70 per share from revenue of $ 4.20 million. The bottom line results missed street analysts by $ 0.31 or 44.29 percent, at the same time, top line results fell short of analysts by $ 0.09 million or 2.14 percent.
Stock Performance
Shares of Liberty Broadband Corporation traded up $ 9.02 or 6.49 percent on Wednesday, reaching $ 148.01 with volume of 85.20 thousand shares. Liberty Broadband Corporation has traded high as $ 150.63 and has cracked $ 140.03 on the downward trend
The closing price of $ 148.01, representing a 73.43 % increase from the 52 week low of $ 80.14 and a 8.25 % decrease over the 52 week high of $ 151.49.
The company has a market capital of $ 26.77 billion and is part of the Communication Services sector and Pay TV industry.
Conference Call
Liberty Broadband Corporation will be hosting a conference call at 11:15 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.libertybroadband.com
Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.
