Music entertainment companyWarner Music Group(NASDAQ:WMG) made headlines earlier today with the release of its fiscal third-quarter earnings report. Ahead of the disclosure, analysts anticipated earnings per share of 27 cents on sales of $1.56 billion. Actual results fell just shy of overall estimates, with EPS landing at 27 cents on revenue of $1.55 billion.
In the year-ago quarter, Warner Music posted 27 cents with a top line of $1.56 billion. These stats beat out expectations calling for earnings of 20 cents on revenue of $1.47 billion.
Interestingly, revenue for Warner's recorded music segment slipped by 2.4% on a year-over-year basis to...
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