Warner Music Group Corp. Reports Drop In Q2 Profit

Warner Music Group Corp. (WMG) reported earnings for second quarter that decreased from the same period last year

The company's bottom line came in at $36 million, or $0.07 per share. This compares with $96 million, or $0.18 per share, last year.

The company's revenue for the period fell 0.7% to $1.484 billion from $1.494 billion last year.

Warner Music Group Corp. earnings at a glance (GAAP) :

-Earnings: $36 Mln. vs. $96 Mln. last year.
-EPS: $0.07 vs. $0.18 last year.
-Revenue: $1.484 Bln vs. $1.494 Bln last year.

by RTTNews Staff Writer

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