BUZZ-Warner Music down after quarterly profit miss on restructuring, debt costs

Reuters
2024-11-21

** Media company Warner Music Group's shares fall 3.5% to $32.51 premarket

** Co reports fiscal Q4 EPS of 8 cents vs analysts' estimates of 28 cents - data compiled by LSEG

** Says EPS decline is on net income falling 69% to $48 mln

** Attributes the fall to restructuring costs, higher interest expense due to rise in co's variable rate debt costs and impact of exchange rates on the co's Euro-denominated debt

** But posts Q4 revenue of $1.63 bln vs analysts' estimates of $1.59 bln, driven by growth in recorded music category

** Up to Wednesday's close, stock had fallen 6% YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10