Warner Bros. Discovery's Stock Tumbles After Q4 Earnings As Lack Of 2024 Financial Guidance “Challenges Confidence”

Warner Bros. Discovery share price, already in the dumps, has tumbled another 11% this morning after the company’s latest quarterly numbers showed weak linear advertising and a struggling studio. But the clincher for investors may be what it didn’t show — a full-year 2024 forecast. The stock is scraping $8.50 late morning as the lack of a number “challenges confidence,” said Michael Morris of Guggenheim Partners in a note. “The results themselves were not great,” he noted on CNBC, but not all that surpris ...