Paramount Global Swings to Q4 Loss, Revenue Rises -- Shares Drop After Hours

MT Newswires Live

02-27

Paramount Global (PARA, PARAA) reported a Q4 adjusted diluted loss Wednesday of $0.11 per share, compared to an income of $0.04.

Analysts polled by FactSet expected non-GAAP earnings of $0.13 per share.

Revenue for the quarter ended Dec. 31 was $7.98 billion, up from $7.64 billion a year earlier.

Analysts surveyed by FactSet expected $8.10 billion.

Shares were down nearly 1% in after-hours activity.

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