Formula One Group (OTCMKTS:FWONB) Releases Earnings Results

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

Formula One Group Stock Performance

Shares of FWONB stock traded down $3.00 during midday trading on Friday, reaching $85.00. 100 shares of the company were exchanged, compared to its average volume of 100. The company’s 50 day moving average price is $84.18 and its two-hundred day moving average price is $76.96. The company has a market cap of $21.14 billion, a P/E ratio of 73.91 and a beta of 0.98. Formula One Group has a 12 month low of $58.51 and a 12 month high of $88.00.

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.