Choking down the expectations of analysts, Liberty Global, the TV and broadband company posted the revenue that eclipsed the forecasts. On revenue of $2.72 billion, it earned $0.09 per share.
The shares of the conglomerate are up by 2 per cent. However, it is still trading at a low of 52 weeks, that is $23.30. Additionally, it is among the thin performers on Nasdaq 100 that has grown 26.59% this year.
Liberty Global is following the path of Amazon, which reported a profit of $10.3 earning per share on $88.91B (revenue) recently. It bettered the anticipation exponentially, which stayed around $1.48 with the revenue strolling about $81.45B.
Similarly, Visa A too had announced superior third-quarter results on July 28 that had analysts and experts in a fix. It garnered revenue of $4.84B with EPS of $1.06. The forecast minced around $4.82B with EPS of $1.03.