the republic logo

Correction: Earns-Liberty Media story

bug
Share/Save/Bookmark

ENGLEWOOD, Colorado — 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 percent 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, Colorado — ENGLEWOOD, Colorado — 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 percent since the beginning of the year. The stock has risen 10.6 percent 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

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.