
Zacks Equity Research, On Monday May 9, 2011, 8:30 am EDT
Liberty Media Corp. (NasdaqGS: LINTA - News) reported solid top-line growth in the first quarter of 2011. Quarterly total revenue of $3,131million handily surpassed the Zacks Consensus Estimate of $2,187 million and improved 54.6% year over year.
Quarterly total operating income was $672 million compared with $240 million in the year-ago quarter. In the first quarter of 2011, consolidated adjusted OIBDA was $862 million compared with $441 million in the year-ago quarter. Quarterly earnings from continuing operations before income tax was $654 million compared with $607 million in the year-ago quarter.
At the end of the first quarter of 2011, Liberty Media had total consolidated cash and marketable securities of $3,959 million, up 5.4% sequentially. Liberty Media exited the first-quarter 2011 with $7,450 million in outstanding debt, up 1.8% sequentially.
Liberty Media Corp. (NasdaqGS: LINTA - News) reported solid top-line growth in the first quarter of 2011. Quarterly total revenue of $3,131million handily surpassed the Zacks Consensus Estimate of $2,187 million and improved 54.6% year over year.
Quarterly total operating income was $672 million compared with $240 million in the year-ago quarter. In the first quarter of 2011, consolidated adjusted OIBDA was $862 million compared with $441 million in the year-ago quarter. Quarterly earnings from continuing operations before income tax was $654 million compared with $607 million in the year-ago quarter.
At the end of the first quarter of 2011, Liberty Media had total consolidated cash and marketable securities of $3,959 million, up 5.4% sequentially. Liberty Media exited the first-quarter 2011 with $7,450 million in outstanding debt, up 1.8% sequentially.