WBD Stock Alert: Why Is Warner Bros. Discovery Down 9% Today?

Warner Bros Discovery (NASDAQ:WBD) stock is sliding lower on Thursday after the entertainment company posted its earnings report for the second quarter of 2024. Warner Bros Discovery starts off its earnings report with adjusted EPS of -18 cents. That's worse than Wall Street's estimate of -3 cents per share for the quarter. Adding to that is the company's revenue of $9.71 billion. That's another miss compared to analysts' revenue estimate of$10.07 billion. It's also a 5% decrease year-over-year for the ent ...