Liberty Interactive Corporation (LINTA) Misses Q2 EPS by 6c

Liberty Interactive Corporation (NASDAQ: LINTA) reported Q2 EPS of $0.21, $0.06 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.5 billion. EBITDA was $452 milion versus the consensus of $472 million.

"QVC posted strong revenue and adjusted OIBDA increases across Europe, with exceptional results in the UK. Our Chinese joint venture posted strong revenue growth, driven by both new and repeat customer transactions and we remain excited about the potential for this enormous market," stated Greg Maffei, Liberty President and CEO. "We were pleased to announce the pending combination of FTD and Provide Commerce in which we will become a 35% owner of FTD. The complementary strengths of these businesses will offer customers an outstanding gifting experience worldwide. This transaction, along with other factors, has led us to re-evaluate the optimal structure of Liberty's digital commerce assets. However, we intend to continue with our plan to create the QVC Group tracking stock, which will be comprised of our interests in QVC and HSN. Regarding Liberty Ventures, we are proceeding with the spin-off of Liberty TripAdvisor Holdings and recently filed an amended S-1."

For earnings history and earnings-related data on Liberty Interactive Corporation (LINTA) click here.

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