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Stock impact report

Paramount (NASDAQ:PARA) Misses Q1 Sales Targets [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
It made a non-GAAP profit of $0.62 per share, improving from its profit of $0.11 per share in the same quarter last year. Is now the time to buy Paramount? Find out in our full research report Paramount (PARA) Q1 CY2024 Highlights: Revenue: $7.69 billion vs analyst estimates of $7.74 billion (0.7% miss) EPS (non-GAAP): $0.62 vs analyst estimates of $0.36 (73.7% beat) Gross Margin (GAAP): 32.9%, up from 31.7% in the same quarter last year Free Cash Flow of $209 million, down 52.8% from the previous quarter Market Capitalization: $8.36 billion Owner of Spongebob Squarepants and formerly known as ViacomCBS, Paramount Global (NASDAQ:PARA) is a major media conglomerate offering television, film production, and digital content across various global platforms. Broadcasting Broadcasting companies have been facing secular headwinds in the form of consumers abandoning traditional television and radio in favor of streaming services. As a result, many broadcasting companies ha Show less Read more
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