Paramount Global Q2 2024 Adj. EPS $0.54 May Not Compare To $0.12 Estimate, Sales $6.813B Miss $7.211B Estimate
Portfolio Pulse from Benzinga Newsdesk
Paramount Global (NASDAQ:PARA) reported Q2 2024 adjusted EPS of $0.54, significantly beating the analyst estimate of $0.12. However, the company missed sales estimates, reporting $6.813 billion against the expected $7.211 billion, a 10.54% decrease from the same period last year.
August 08, 2024 | 8:01 pm
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Paramount Global's Q2 2024 adjusted EPS of $0.54 beat estimates by 350%, but sales of $6.813 billion missed expectations and were down 10.54% YoY.
While the EPS beat is a positive surprise, the sales miss and YoY decline could offset the positive sentiment, leading to a neutral short-term impact on the stock price.
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