Formula One Group (OTCMKTS:FWONB) Releases Earnings Results

Formula One Group (OTCMKTS:FWONB) released its earnings results on Thursday. The company reported ($1.03) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $1.07 billion for the quarter. Formula One Group had a return on equity of 1.43% and a net margin of 7.99%.

Formula One Group Trading Down 3.4 %

Formula One Group stock traded down $3.00 during trading hours on Friday, reaching $85.00. 100 shares of the stock were exchanged, compared to its average volume of 100. Formula One Group has a twelve month low of $58.51 and a twelve month high of $88.00. The company has a market cap of $21.14 billion, a P/E ratio of 73.91 and a beta of 0.98. The stock has a 50 day moving average of $84.18 and a two-hundred day moving average of $76.96.

Formula One Group Company Profile

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship.