Warner Music Gr Q3 2024 Adj. EPS $0.27, Inline, Sales $1.25B Miss $1.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
Warner Music Group (WMG) reported its Q3 2024 adjusted EPS of $0.27, which was in line with expectations. However, the company missed its sales estimate, reporting $1.25 billion compared to the expected $1.56 billion.
August 07, 2024 | 11:25 am
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Warner Music Group (WMG) reported Q3 2024 adjusted EPS of $0.27, meeting expectations, but missed sales estimates with $1.25 billion versus the expected $1.56 billion.
While WMG's EPS met expectations, the significant miss on sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100