Stock Price Movement of Warner Bros. Discovery, Waste Management, and more Companies

Warner Bros. Discovery – Shares Dipped by 4%

The share prices of Warner Bros. Discovery have experienced a 4% dip in premarket trading. The share prices of Warner Bros. Discovery have experienced a dip after sharing its earnings expectations for the running year.

The executives at Warner Bros. Discovery stated that they do not see the profits going up in the year 2022. They are expecting low profits for the entire year of 2022. Warner Bros. Discovery executives made the prediction while sharing the earnings report for the first quarter of 2022.

According to Gunnar Wiedefels, the CFO at Warner Bros. Discovery stated that they earned fewer profits in the first quarter of 2022. He also added that another reason behind the loss in profits was the unexpected projects that they launched in the respective quarter.

Waste Management – Shares Surged by 5.7%

The share prices for Waste Management experienced a 5.7% surge in premarket trading. The share prices for the waste services company experienced a surge after it shared its revenue and earnings for the first quarter of 2022.

Waste Management officials revealed that they successfully generated higher revenues and earnings estimated by the analysts. The officials at Waste Management revealed they generated revenue worth $4.66 billion and earnings worth $1.29 per share.

Compared to the actual achievements, the revenue Waste Management estimated was worth $4.45 billion. The earnings Waste Management estimated in the first quarter of 2022 were worth $1.14 per share.

Zions Bancorporation – Shares Dipped by 7%

The share prices for Zions Bancorporation have experienced a 7% dip in the premarket trading. The share prices for Zions Bancorporation experienced a dip after the analysts at Raymond James downgraded its stock status.

The report shows that the stock status for Zions Bancorporation was downgraded to “market perform” by the analysts at Raymond James. The analysts downgraded the stock status for Zions Bancorporation after the regional bank’s executives shared its earnings for the first quarter of 2022.

They revealed that for the respective quarter, the net interest income they generated was low than the analysts’ estimations. Despite sharing low earnings for the respective quarter, Zions Bancorporation made no change to the financial guidance for the running year.

Universal Health Services – Shares Dipped by 9.5%

The share price for Universal Health Services has experienced a 9.5% plummet in premarket trading. The health services company experience the share prices dip after sharing its earnings for the first quarter of 2022.

Universal Health Services revealed that the earnings it generated were lower than the estimations that the analysts had made. The earnings Universal Health Services generated in the first quarter of 2022 were worth $2.15 per share. The earnings that the analysts had predicted for the respective quarter were worth $2.47 per share.

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