Warner Bros. Discovery Q2 EPS $(0.51) Misses $(0.39) Estimate, Sales $10.36B Miss $10.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Warner Bros. Discovery (NASDAQ:WBD) reported Q2 losses of $(0.51) per share, missing the analyst consensus estimate of $(0.39) by 30.77%. The company also reported quarterly sales of $10.36 billion, missing the estimate of $10.47 billion by 1.07%. However, these figures represent an increase over the same period last year.
August 04, 2023 | 12:57 pm
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NEGATIVE IMPACT
Warner Bros. Discovery's Q2 earnings and sales missed analyst estimates. However, both figures increased compared to the same period last year.
The company's earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the YoY increase in both figures could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100