Paramount Global Q1 2024 Adj EPS $0.62 Beats $0.34 Estimate, Sales $7.685B Miss $7.759B Estimate
Portfolio Pulse from Benzinga Newsdesk
Paramount Global (NASDAQ:PARAA) reported Q1 2024 earnings of $0.62 per share, surpassing the $0.34 estimate, but its sales of $7.685B fell short of the $7.759B estimate. This represents a 5.78% increase in sales compared to the same period last year.
April 29, 2024 | 8:54 pm
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Paramount Global exceeded Q1 2024 EPS estimates but missed on sales, showing a mixed financial performance with a significant year-over-year sales increase.
The positive earnings surprise could lead to a short-term positive sentiment, offset by the slight miss in sales expectations. The significant year-over-year sales growth indicates underlying strength, making the overall impact on the stock neutral in the short term.
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