NEW YORK (AP) — NEW YORK (AP) — Paramount Global-B (PARA) on Wednesday reported a loss of $224 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 33 cents. Losses, adjusted for non-recurring costs, came to 11 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The company posted revenue of $7.98 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $8.14 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
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