Investing.com - Paramount Global B reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Paramount Global B announced earnings per share of $0.64 on revenue of $7.78B. Analysts polled by Investing.com anticipated EPS of $0.6051 on revenue of $7.53B.
Paramount Global B shares are down 8% from the beginning of the year and are trading at $24.13 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.82% from the start of the year.
Paramount Global B shares lost 3.63% in pre-market trade the report.
Paramount Global B follows other major Communication Services sector earnings this month
Paramount Global B's report follows an earnings missed by Alphabet C on July 26, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Meta Platforms had missed expectations on July 27 with second quarter EPS of $2.46 on revenue of $28.82B, compared to forecast for EPS of $2.54 on revenue of $28.91B.
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