Investing.com - Paramount Global B reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Paramount Global B announced earnings per share of $0.39 on revenue of $6.92B. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $7.1B.
Paramount Global B shares are down 20% from the beginning of the year and are trading at $17.55 , down-from-52-week-high.
Paramount Global B shares lost 8.45% 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 October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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