Revenue Update on Liberty Interactive Group(NASDAQ:QVCA)

Liberty Interactive Group(NASDAQ:QVCA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $2.56B. Analysts estimated a revenue of $2.42B. Earnings per share were $0.84. Analysts had estimated an EPS of $0.23.

In a different note, Maxim Group said it Initiates Coverage on Liberty Interactive Group, according to a research note issued on Jun 9, 2016. The shares have been rated ‘Buy’ by the firm.

Liberty Interactive Group (QVCA) shares turned negative on Wednesdays trading session with the shares closing down -0.8 points or -3.65% at a volume of 82,01,929. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.0872. The peak price level was also seen at $22.0872 while the days lowest was $20.792. Finally the shares closed at $21.13. The 52-week high of the shares is $30.27 while the 52-week low is $19.9141. According to the latest information available, the market cap of the company is $13,066 M.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Michael A George (director) sold 150,000 shares at $26.24 per share price.Also, On May 19, 2016, David E Rapley (director) sold 3,890 shares at $25.89 per share price.On May 4, 2016, John C Malone (director officer 10% owner (Chairman of the Board) sold 33,899 shares at $33.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Liberty Interactive Corporation (Liberty) owns interests in subsidiaries and other companies which are engaged in the video and on-line commerce industries. Through its subsidiaries and affiliates the Company operates in North America Europe and Asia. Its businesses and assets include its consolidated subsidiaries QVC Inc. (QVC) Inc. (Backcountry) LLC (Bodybuilding) CommerceHub and Evite Inc. (Evite) and its equity affiliates Expedia Inc. (Expedia) HSN Inc. (HSN) FTD Companies Inc. (FTD) Interval Leisure Group Inc. (Interval Leisure Group) and LendingTree Inc. (LendingTree). QVC markets and sells a variety of consumer products through live televised shopping and via its Websites and other media including Backcountry is an e-retailer for outdoor adventure cycling action sports and motorcycle gear and clothing. Bodybuilding is an Internet retailer of sports fitness and nutritional supplements.

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