The company reported a $10 billion net loss for the second quarter due to the write-down and missed Wall Street estimates for quarterly results...
- Shares of Warner Bros Discovery plunged 12% in premarket trading on Thursday after a $9.1 billion write-down of the media giant 's TV assets sparked fresh concerns about its traditional broadcasting business.
The legacy media company, forged by the union of AT&T spinoffs WarnerMedia and Discovery in April 2022, has lost more than $40 billion in its market valuation since then."WBD's market cap is a fraction of what it was pre merger, which should make investors reconsider who really is enriched by giant media M&A deals," said Ross Benes, television and streaming analyst at eMarketer.
The company reported revenue of $9.71 billion in the second quarter on Wednesday, compared with analysts' estimate of $10.07 billion, per LSEG data. RESEARCH TRIANGLE PARK, N.C., Aug. 08, 2024 -- Asensus Surgical, Inc. , a medical device company that is digitizing the interface between the surgeon and the patient, announced today that it plans to release 2024 second quarter financial and operating results after the market closes on Tuesday, August 13, 2024. The Company will host a conference call to discuss these results and the status of the proposed merger with KARL STORZ starting at 4:30 p.m.
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