Paramount Global Q2 adj. EPS $0.10 Beats $(0.01) Estimate, Sales $7.62B Beat $7.43B Estimate
Portfolio Pulse from Benzinga Newsdesk
Paramount Global (NASDAQ:PARA) reported Q2 earnings of $0.10 per share, beating the analyst consensus estimate of $(0.01) by 1100 percent. This is a decrease of 84.38 percent from the same period last year. The company also reported quarterly sales of $7.62 billion, beating the analyst consensus estimate of $7.43 billion by 2.50 percent, but a decrease of 2.10 percent from the same period last year.
August 07, 2023 | 8:02 pm
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NEUTRAL IMPACT
Paramount Global's Q2 earnings and sales beat estimates but show a decrease from last year.
While Paramount Global beat analyst estimates for Q2 earnings and sales, the figures represent a decrease from the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100