Warner Bros. Discovery Announces Commencement of Cash Tender Offer for an Aggregate Tender Cap of up to $1,750,000,000 for

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Go back to Warner Bros. Discovery Announces Commencement of Cash Tender Offer for an Aggregate Tender Cap of up to $1,750,000,000 for

Warner Brothers Discovery (WBD) PT Lowered to $16 at Deutsche Bank

May 10, 2024 5:21 AM EDT

Deutsche Bank analyst Bryan Kraft lowered the price target on Warner Brothers Discovery (NASDAQ: WBD) to $16.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "We are maintaining our Buy rating and lowering our PT to $16, from $18, driven by our negative estimate revisions... More

Warner Bros. Discovery (WBD) earnings, revenue miss consensus estimates

May 9, 2024 7:41 AM EDT

(Updated - May 9, 2024 10:52 AM EDT)

Warner Bros. Discovery (NASDAQ: WBD) reported first-quarter results that fell short of Wall Street expectations. The company's shares initially fell but are now up 1.5% on the day.

The media giant posted an adjusted loss per share of -$0.40, which was $0.17 below the analyst estimate of -$0.23. Revenue for the quarter also missed the mark, coming in at $9.96 billion compared to the consensus estimate of $10.22 billion.

The company's revenue decreased by 7% from the same quarter last year, excluding foreign exchange... More