Warner Bros. Discovery (WBD) Reports Q1 Loss, Lags Revenue Estimates

Warner Bros. Discovery (WBD) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this operator of cable TV channels such as TLC and Animal Planet would post earnings of $0.04 per share when it actually produced a loss of $0.20, delivering a surprise of -6 ...