12:12 PM EST, 11/21/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Warner Music Group's ( WMG ) shares were down more than 10% in recent trading Thursday after the company's fiscal Q4 earnings fell and missed consensus.

The company reported fiscal Q4 earnings of $0.08 per diluted share, down from $0.17 a year earlier.

Analysts polled by FactSet expected $0.28.

Revenue for the quarter ended Sept. 30 was $1.63 billion, compared with $1.59 billion a year earlier.

Analysts surveyed by FactSet expected $1.59 billion.

Price: 30.20, Change: -3.47, Percent Change: -10.31