MUFG Securities acquires stake in Warner Bros. Discovery, which reported a $4.07 EPS loss.
MUFG Securities has acquired a stake in Warner Bros. Discovery (NASDAQ: WBD), joining other institutional investors like Public Employees Retirement Association of Colorado and Pinnacle Associates. Warner Bros. reported a quarterly loss of $4.07 EPS, missing estimates, with revenue at $9.71 billion, below expectations. Analysts predict a -3.65 EPS for the year, with a consensus "Hold" rating and a price target of $11.25 for the stock.
September 01, 2024
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