NEW YORK (AP) — NEW YORK (AP) — Paramount Global-B (PARA) on Monday reported a loss of $299 million in its second quarter.
On a per-share basis, the New York-based company said it had a loss of 48 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The company posted revenue of $7.62 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $7.43 billion.
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