Warner Bros. Discovery (WBD) Reports Q2 Loss, Misses Revenue Estimates

Warner Bros. Discovery (WBD) came out with a quarterly loss of $4.07 per share versus the Zacks Consensus Estimate of a loss of$ 0.18. This compares to loss of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2,161.11%. A quarter ago, it was expected that this operator of cable TV channels such as TLC and Animal Planet would post a loss of$ 0.24 per share when it actually produced a loss of $0.40, delivering a surprise ...