Warner Bros. Discovery Shares Plunge To New Low After Earnings, Write-Down
WBDWarner Bros. Discovery(WBD) Deadline·2024-08-08 22:10

Shares of Warner Bros. Discovery fell sharply this morning, touching all time lows well under 7afterdisappointingquarterlyearningsaftermarketcloseyesterdaythatincludedamassivewritedownatitsnetworksdivision.Thestockfellto7 after disappointing quarterly earnings after market close yesterday that included a massive write-down at its networks division. The stock fell to 6.73, a low. It’s trading down more than 12% at 6.76rightnow.ThecompanymissedmostWallStreetforecastsinitsnumbersyesterdayandpostedanenormouslossaftera6.76 right now. The company missed most Wall Street forecasts in its numbers yesterday and posted an enormous loss after a 9.1 billion impairment charge to account for slipping advertising and uncertainty around spor ...