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@ProduceCut309 2 months ago

WMG Just Dropped a Fire Quarter but the Stock’s Still Snoozin

WMG Just Dropped a Fire Quarter but the Stock’s Still Snoozin

just dropped a seriously solid Q3 flex. Revenue hit $1.87B, up 14.6% year over year, and they smoked estimates by over 10%. EPS beat too. Management was talking their talk, saying their artists and writers are “hotter than ever,” and honestly the numbers back it up. What’s crazy is posted the fastest growth and biggest beat out of the whole media pack this quarter, but the stock still slid about 9% afterward. Seems like investors were expecting an even bigger fireworks show than what Wall Street had penciled in. Now the stock’s hanging around $27.85. If they keep snagging market share and streaming stays on a heater, this dip might end up looking like a solid buy-the-weakness setup. What do you think, is just cooling off before the next run, or is the market telling us to pump the brakes?

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