Tuesday, May 8, 2007

UPDATE 1-Warner Music posts wider loss, see job cuts

(Reuters) - The world's fourth-largest music company reported a fiscal second-quarter net loss of $27 million, or 19 cents a share, compared with a loss of $7 million, or 5 cents a share, a year earlier.

Excluding one-time items, it lost 10 cents per share, in line with analysts' average forecast, according to Reuters Estimates.


Read more at Reuters.com Market News

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