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Real Estate News Releases
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(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 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 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 www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
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Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Chartpoppers.com
Paul Marek
6047245332
info@chartpoppers.com
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