Shares of Warner Bros Discovery are trading over 3% lower in pre-market Friday after the entertainment company reported worse-than-expected results for its fourth quarter. WBD posted a loss per share of $0.86 on revenue of $11.01 billion. Analysts were expecting a loss per share of $0.29 on sales of $11.23B. The parent …
Read More »Warner Brothers misses Q2 earnings expectations
Warner Bros. Discovery posted weaker than expected second quarter earnings Thursday amid a firestorm of speculation about a restructuring at the company that would cull costs.The media giant, which owns HBO, CNN, Warner Bros., HGTV and TLC, reported its earnings for the first time since it merged earlier this year, …
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