Warner Bros. Discovery‘s stock dropped on Wednesday after it reported a $9.1 billion write down on its TV networks and missed analyst estimates on revenue.
Here is how Warner Bros. Discovery performed:
- Loss per share: $4.07. That may not compare with the 22 cent loss expected by analysts surveyed by LSEG
- Revenue: $9.07 billion vs. $10.071 billion expected
The company’s shares were down roughly 7% in aftermarket trading.
This is breaking news. Please check back for updates.
Read the full article here
