Liberty Interactive Corp. QVCA reported mixed financial results in the second quarter of 2017. While the top line missed the Zacks Consensus Estimate, the bottom line met the same. <\/p>\n
Quarterly GAAP net income came in at $111 million or 41 cents per share compared with $376 million or 26 cents per share in the prior-year quarter. Quarterly earnings per share of 41 cents were in line with the Zacks Consensus Estimate. <\/p>\n
Quarterly total revenue of $2,346 million reflected a year-over-year decrease of 3.2% missing the Zacks Consensus Estimate of $2,408 million. <\/p>\n
Quarterly total operating income came in at $265 million compared with $254 million in the year-ago quarter. In the reported quarter, consolidated adjusted operating income before depreciation and amortization (OIBDA) was $488 million compared with $487 million in the year-ago quarter. <\/p>\n
In second quarter of 2017, Liberty Interactive generated $357 million of cash from operations compared with $377 million in the prior-year quarter. Free cash flow in the reported quarter was $313 million compared with $303 million in the year-ago quarter. <\/p>\n
At the end of second-quarter 2017, Liberty Interactive had total cash and marketable securities of $905 million compared with $825 million at the end of 2016. The company exited second-quarter 2017 with $7,896 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 0.48 compared with 0.51 at the end of 2016. <\/p>\n
QVC Segment <\/p>\n
Quarterly revenues at the QVC division were down 4% year over year to $1,979 million. Revenues from the QVC U.S. segment were $1,367 million, down 4% year over year. Revenues from the QVC International segment were $612 million, down 4% year over year. QVC U.S. adjusted OIBDA was $361 million, down 1% year over year while QVC International adjusted OIBDA was $107 million, up 7% year over year. <\/p>\n
zulily Segment <\/p>\n
Quarterly revenues at the zulily segment totaled $367 million, flat year over year. Quarterly adjusted OIBDA was $26 million, down 16%. Meanwhile, operating loss was $29 million in the reported quarter compared with an operating loss of $43 million in the prior-year quarter. <\/p>\n
Liberty Interactive Corporation Price, Consensus and EPS Surprise <\/p>\n
Liberty Interactive Corporation Price, Consensus and EPS Surprise | Liberty Interactive Corporation Quote <\/p>\n
Recent Development <\/p>\n
In Jul 2017, Liberty Interactive announced that its QVC division plans to acquire the remaining 68% of the fellow home-shopping platform HSN Inc. HSNI in an all-stock deal valued at $2.1 billion. QVC already owns 38% of HSN Inc. The newly combined company will have $14 billion in revenue and 23 million customers around the world. The merged entity will also result in the third-largest online site, behind only Amazon.com Inc. AMZN and Wal-Mart Stores Inc.'s WMT e-commerce business. Liberty Interactive currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here . <\/p>\n
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Amazon.com, Inc. (AMZN): Free Stock Analysis Report <\/p>\n
Liberty Interactive Corporation (QVCA): Free Stock Analysis Report <\/p>\n
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HSN, Inc. (HSNI): Free Stock Analysis Report <\/p>\n
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Liberty Interactive (QVCA) Q2 Earnings In Line, Revenues Lag - Nasdaq<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Liberty Interactive Corp. QVCA reported mixed financial results in the second quarter of 2017. Continue reading