Warner Music Group reports EPS in-line, revs in-line, Reiterates Full-Year Operating Cash Flow Conversion Guidance of 50-60% (28.11)
- Reports Q3 (Jun) earnings of $0.27 per share, in-line with the FactSet Consensus of $0.27; revenues fell 0.6% year/year to $1.55 bln vs the $1.56 bln FactSet Consensus.
- Adjusted OIBDA increased 6% to $316 million, versus $297 million in the prior-year quarter, or 8% in constant currency.
- Guidance: Reiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60%.