Warner Music Group tops profit and revenue expectations, stock gains


https://finance.yahoo.com/m/6ef667ec-ccb2-3b5b-8a5e-d054c8304bac/warner-music-group-tops.html

Shares of Warner Music Group Corp. gained 0.1% in premarket trading Tuesday, after the music recorder and publisher disclosed fiscal third-quarter profit and revenue that beat expectations, as a “new wave” of releases in June helped offset a slowdown in the advertising market. Net income doubled to $124 million, or 24 cents a share, from $61 million, or 12 cents a share, in the year-ago period. Adjusted net income rose to $17 million from $83 million. The FactSet consensus for earnings per share


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