Investing.com - Warner Bros Discovery reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Warner Bros Discovery announced earnings per share of $-1.5 on revenue of $10.82B. Analysts polled by Investing.com anticipated EPS of $0.1211 on revenue of $11.87B.
Warner Bros Discovery shares are down 25% from the beginning of the year and are trading at $15.92 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.89% from the start of the year.
Warner Bros Discovery shares lost 8.92% in after-hours trade the report.
Warner Bros Discovery follows other major Communication Services sector earnings this month
Warner Bros Discovery's report follows an earnings missed by Alphabet C on July 26, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on July 26 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
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