NEW YORK (AP) — NEW YORK (AP) — Warner Bros. Discovery, Inc. (WBD) on Wednesday reported a loss of $417 million in its third quarter.
On a per-share basis, the New York-based company said it had a loss of 17 cents.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $9.98 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $9.81 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WBD at https://www.zacks.com/ap/WBD