NEW YORK (AP) — NEW YORK (AP) — Warner Bros. Discovery, Inc. (WBD) on Thursday reported second-quarter profit of $1.58 billion.
The New York-based company said it had profit of 63 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The operator of cable TV channels such as TLC and Animal Planet posted revenue of $9.81 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $9.83 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
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