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

Warner Bros. Discovery (WBD) came out with a quarterly loss of $0.40 per share versus the Zacks Consensus Estimate of a loss of$ 0.24. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -66.67%. A quarter ago, it was expected that this operator of cable TV channels such as TLC and Animal Planet would post a loss of$ 0.11 per share when it actually produced a loss of $0.16, delivering a surprise ...