Warner Music Gr Q3 Adj. EPS $0.28 Beats $0.21 Estimate, Sales $1.56B Beat $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Warner Music Gr (NASDAQ:WMG) reported Q3 earnings of $0.28 per share, beating the analyst consensus estimate of $0.21 by 30.95%. This is a 1.79% decrease from the same period last year. The company also reported quarterly sales of $1.56 billion, beating the analyst consensus estimate of $1.48 billion by 5.89%. This is a 9.22% increase from the same period last year.
August 08, 2023 | 11:33 am
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POSITIVE IMPACT
Warner Music Gr's Q3 earnings and sales beat estimates, which could positively impact its stock price in the short term.
Warner Music Gr reported better than expected Q3 earnings and sales. This positive financial performance could increase investor confidence and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100