ENGLEWOOD, Colo. (AP) _ Liberty Media Corp. (FWONK) on Thursday reported third-quarter earnings of $42 million.
The Englewood, Colorado-based company said it had profit of 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The media and entertainment company posted revenue of $647 million in the period.
Liberty Media shares have fallen slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.66, a drop of 13 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FWONK at https://www.zacks.com/ap/FWONK