Back to top

Image: Bigstock

Liberty Interactive (QVCA) Tops Q1 Earnings and Revenues

Read MoreHide Full Article

Liberty Interactive Corp. reported strong financial results in the first quarter of 2017 wherein both the top line and the bottom line outpaced the Zacks Consensus Estimate.

Quarterly GAAP net income came in at $91 million or 37 cents per share compared with $63 million or 36 cents per share in the prior-year quarter. Quarterly earnings per share of 37 cents were well above the Zacks Consensus Estimate of 33 cents.

Meanwhile, the quarter’s total revenue of $2,323 million reflected a year-over-year decrease of 1.9% while surpassing the Zacks Consensus Estimate of $2,317 million.

Quarterly total operating income came in at $226 million compared with $206 million in the year-ago quarter. In the reported quarter, consolidated adjusted operating income before depreciation and amortization (OIBDA) was $445 million compared with $433 million in the year-ago quarter.

In the first quarter of 2017, Liberty Interactive generated $426 million of cash from operations compared with $294 million in the prior-year quarter. Free cash flow in the reported quarter was $396 million compared with $243 million in the year-ago quarter.

At the end of the first quarter of 2017, Liberty Interactive had total cash and marketable securities of $821 million compared with $825 million at the end of 2016. The company exited first-quarter 2017 with $7,930 million of outstanding debt compared with $8,042 million at the end of 2016. The debt-to-capitalization ratio at the end of the reported quarter was 0.99 compared with 0.51 at 2016-end.

QVC Segment

Quarterly revenues at the QVC division were down 2% year over year to $1,965 million. Revenues from the QVC U.S. segment were $1,370 million, down 3% year over year. Revenues from the QVC International segment were $595 million, down 2% year over year. QVC U.S. OIBDA was $336 million, up 3% year over year while QVC International OIBDA was $98 million, up 10% year over year. 

zulily Segment

Quarterly revenues at the zulily segment totaled $359 million, up 1% year over year. Quarterly adjusted OIBDA was $15 million, down a substantial 35%. Meanwhile, operating loss was $38 million in the reported quarter compared with an operating loss of $43 million in the prior-year quarter.

Liberty Interactive Corporation Price, Consensus and EPS Surprise

 

Liberty Interactive Corporation Price, Consensus and EPS Surprise | Liberty Interactive Corporation Quote

Liberty Interactive competes with large online sellers like Amazon.com Inc. (AMZN - Free Report) , HSN Inc. and Alibaba Group Holding Ltd. (BABA - Free Report) . The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Looking for Ideas with Even Greater Upside?

Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>


Unique Zacks Analysis of Your Chosen Ticker


Pick one free report - opportunity may be withdrawn at any time


Amazon.com, Inc. (AMZN) - $25 value - yours FREE >>

Alibaba Group Holding Limited (BABA) - $25 value - yours FREE >>

Published in