Investing.com - Warner Bros Discovery reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Warner Bros Discovery announced earnings per share of $0.69 on revenue of $3.16B. Analysts polled by Investing.com anticipated EPS of $0.5242 on revenue of $3.15B.
Warner Bros Discovery shares are down 8% from the beginning of the year and are trading at $21.50 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.86% from the start of the year.
Warner Bros Discovery follows other major Communication Services sector earnings this month
Warner Bros Discovery's report follows an earnings beat by Verizon on Friday, who reported EPS of $1.35 on revenue of $33.55B, compared to forecasts EPS of $1.34 on revenue of $33.61B.
AT&T had beat expectations on Thursday with first quarter EPS of $0.77 on revenue of $38.11B, compared to forecast for EPS of $0.6183 on revenue of $38.24B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar