Warner Bros. Discovery Q1 2024 GAAP EPS $(0.40) Misses $(0.27) Estimate, Sales $9.958B Miss $10.231B Estimate
Portfolio Pulse from Benzinga Newsdesk
Warner Bros. Discovery reported Q1 2024 GAAP EPS of $(0.40), missing the $(0.27) estimate, with sales of $9.958B also missing the $10.231B estimate. This represents a 6.93% decrease in sales compared to the same period last year.
May 09, 2024 | 11:08 am
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NEGATIVE IMPACT
Warner Bros. Discovery reported a significant miss in both EPS and sales for Q1 2024, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially with a notable decrease in sales compared to the previous year, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100