Atlanta Braves Shares Fall After Q2 Miss

MT Newswires Live

Aug 05

Atlanta Braves Holdings (BATRA) shares were down more than 2% in Wednesday trading after the company reported lower-than-expected Q2 results.

The company reported a Q2 loss of $0.19 per diluted share, swinging from earnings of $0.46 a year earlier.

Analysts polled by FactSet expected earnings of $0.29 per share.

Revenue for the quarter ended June 30 fell to $305.1 million from $312.4 million a year earlier.

Four analysts expected revenue of $317.1 million.

Price: 53.30, Change: -1.50, Percent Change: -2.74

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