CORRECTION: Warner Music Group Q3 2024 GAAP EPS $0.27 Beats $0.25 Estimate, Sales $1.554 Miss $1.564B Estimate
Portfolio Pulse from Benzinga Newsdesk
Warner Music Group (WMG) reported Q3 2024 GAAP EPS of $0.27, beating the estimate of $0.25. However, sales were $1.554 billion, missing the estimate of $1.564 billion.
August 07, 2024 | 1:11 pm
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Warner Music Group (WMG) reported mixed Q3 2024 results with GAAP EPS of $0.27 beating estimates but sales of $1.554 billion missing expectations.
The mixed earnings report, with EPS beating estimates but sales missing, is likely to result in a neutral short-term impact on WMG's stock price. Investors may weigh the positive EPS against the sales miss.
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