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Stock impact report

Why the Market Dipped But Warner Bros. Discovery (WBD) Gained Today [Yahoo! Finance]

Warner Bros. Discovery, Inc. - Series A (WBD) 
Company Research Source: Yahoo! Finance
This change outpaced the S&P 500's 0.25% loss on the day. Elsewhere, the Dow gained 0.77%, while the tech-heavy Nasdaq lost 0.79%. Heading into today, shares of the operator of cable TV channels such as TLC and Animal Planet had lost 13.28% over the past month, lagging the Consumer Discretionary sector's gain of 0.82% and the S&P 500's gain of 3.59% in that time. Market participants will be closely following the financial results of Warner Bros. Discovery in its upcoming release. It is anticipated that the company will report an EPS of -$0.16, marking a 68.63% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $10.29 billion, down 0.61% from the prior-year quarter. For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.38 per share and revenue of $41.11 billion, which would represent changes of +70.31% and -0.52%, respectively, from the prior year. Investors should also pay attenti Show less Read more
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