With the majority of the broadcast media industry’s second quarter earnings reports due to arrive over the next two weeks, could the widely diverse fiscal health results seen from a variety of companies today be a harbinger of what to expect? Baxter Pharmaceuticals shares tumbled by nearly 20% in morning trading as Hurricane Helene recovery efforts continued to impact revenue. In contrast, Microsoft Corp. shares were up by more than 5% as the company blew past its Q2 targets.
Then, there’s Sirius XM. Its earnings per share missed expectations by more than 26%.
