NEW YORK (AP) — NEW YORK (AP) — Paramount Global-B (PARA) on Thursday reported third-quarter profit of $295 million.
The New York-based company said it had profit of 43 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring gains, came to 30 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The company posted revenue of $7.13 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $7.14 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PARA at https://www.zacks.com/ap/PARA
