Warner Music Shares Rise After Higher Preliminary Fiscal Q3 Adjusted Earnings, Revenue Posted

MT Newswires Live

Aug 03

Warner Music Group (WMG) shares were up 0.9% in early trading on Monday after the company posted higher preliminary fiscal Q3 adjusted earnings and revenue in a regulatory filing.

The company reported preliminary fiscal Q3 adjusted earnings Monday of $0.51 per share, up from $0.42 a year earlier.

Analysts polled by FactSet expect $0.40.

Preliminary total revenue for the quarter ended June 30 was $1.86 billion, up from $1.69 billion a year earlier.

Analysts expect revenue of $1.81 billion.

Price: 25.99, Change: +0.02, Percent Change: +0.10

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