The stock fell to $6.73, a low.
Its trading down more than 12% at $6.76 right now.
Another tough quarter continues to raise questions, wrote Jessica Reif Erlich in a note to clients this morning.
New York Stock ExchangeGettty
The post-earnings drop comes on the heels of significant underperformance over the last two years.
Am I disappointed that the trends in the linear business havent been a little better?
There has been talk about recovery a year, a year-and-a-half ago.
It hasnt really happened.
It is what it is.
Were managing this as best we can, Zaslav said on the call.
Losing the NBA (unless the WBD prevails in court) was a big hit to Wall Street sentiment.
asked Rich Greenfield of Lightshed Partners.
If they can execute, investor fears are misplaced and the stock decline is overdone.
