Warner Music Group Corp. (WMG) Lags Q2 Earnings and Revenue Estimates

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of$ 0.28 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -75%. A quarter ago, it was expected that this company would post earnings of$ 0.34 per share when it actually produced earnings of $0.45, delivering a surprise of 32.35%.Over the last four quarters, the co ...