Paramount Global (NASDAQ:PARAA) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Paramount Global missed estimated earnings by 43.75%, reporting an EPS of $0.09 versus an estimate of $0.16.
Revenue was down $63.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 1.2% increase in the share price the next day.
Here’s a look at Paramount Global’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.42 | 0.57 | 0.52 |
| EPS Actual | 0.08 | 0.39 | 0.64 | 0.60 |
| Revenue Estimate | 8.18B | 6.98B | 7.49B | 7.38B |
| Revenue Actual | 8.13B | 6.92B | 7.78B | 7.33B |
To track all earnings releases for Paramount Global visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
