(EMAILWIRE.COM, November 25, 2009 ) Point Roberts, WA – Chartpoppers.com announces an investment report featuring company Warner Music Group Corp. (NYSE: WMG)
Warner Music Group Corp. is a music content company that classifies its business interests into two areas: Recorded Music and Music Publishing. The Recorded Music business produces revenue through the marketing, sale and licensing of recorded music in various physical (such as compact disc’s (CDs), cassettes, long playings (LPs) and digital versatile discs (DVDs)) and digital (such as downloads and ringtones) formats.
Recent News on Warner Music Group Corp. (NYSE: WMG)
Warner Music Group Corp (WMG.N) reported on Tuesday a surprise quarterly loss as higher interest expense and operating costs cut into the record label’s margins.
The company said the shrinking demand for CD’s and the weak economy hurt its revenue and are likely to affect future results. Shares dropped as much as 22 percent.
“Fiscal 2010 is likely to be another challenging year,” said Steve Macri, chief financial officer of Warner Music, on a call with analysts. Macri said the company’s results would likely continue to be pinched by the volatile global economy and transition in the music industry.
The world’s third-largest music company posted a net loss of $18 million, or 12 cents a share, for the fiscal fourth quarter ended September 30, compared with a year-earlier profit of $6 million, or 4 cents a share.
Revenue rose 1 percent to $861 million, ahead of analyst forecasts, boosted primarily by growth in Japan, France and Germany. Top-selling artists in the period included Jay-Z, Madonna and Japanese acts Kobukuro and Superfly, International gains were offset by weakness in the U.S. and Latin America.
To view the Consolidated Investment Analysis on Warner Music Group Corp. (NYSE: WMG) Please visit the stock pulse page at http://www.chartpoppers.com/stock%20pulse/
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at http://www.chartpoppers.com
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