Wall Street hates Warner Music Group's Q4 report - Steven Mallas

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Wall Street hates Warner Music Group's Q4 report
Nov 24, 2009 11:00 PM UTC

Steven Mallas

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Via BloggingStocks:

Filed under: Earnings reports, Apple Inc (AAPL), Amazon.com (AMZN)

Warner Music Group (WMG) was out of favor with the market today. At the time of this writing, shares of the company were down over 16% on big volume. Wall Street did not appreciate the fourth-quarter release.

According to TheStreet.com, a loss, on an adjusted basis, of 3 cents per share was recorded. Analysts were hoping for a profit of 5 cents per share. The cited article goes on to report a not-so-comforting outlook for the near future. And in further bad news, TheFlyOnTheWall.com mentions a downgrade on the stock.

Continue reading Wall Street hates Warner Music Group's Q4 report

Wall Street hates Warner Music Group's Q4 report originally appeared on BloggingStocks on Tue, 24 Nov 2009 18:00:00 EST. Please see our terms for use of feeds.

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