Warner Bros. Discovery Q4 2023 GAAP EPS $(0.16) Misses $(0.07) Estimate, Sales $10.28B Miss $10.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Warner Bros. Discovery (WBD) reported Q4 2023 GAAP EPS of $(0.16), missing the $(0.07) estimate, with sales of $10.28B also missing the $10.34B estimate.
February 23, 2024 | 12:03 pm
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Warner Bros. Discovery reported a larger than expected quarterly loss and a slight miss in sales for Q4 2023.
Missing both EPS and sales estimates can lead to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant miss in EPS, by over 128%, is particularly concerning and could lead to a more pronounced negative reaction in the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100