missed first-quarter revenue estimates on Thursday amid a weak advertising market in its TV business and cut its dividend.
Shares of the New York-based company, formerly known as ViacomCBS, fell about 21% in early trading. They have gained more than 35% so far this year. "The company’s 79% dividend cut is not encouraging, but it was necessary," said Huber Research analyst Craig Huber. “They should have done it years ago, but better late than never."
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Paramount Global Swings to Q1 Loss On Streaming InvestmentParamount Global said it would it cut its dividend as continued investment in streaming weighed on the company while it saw declines in its traditional revenue from advertising and cable distributi…
Fonte: Variety - 🏆 108. / 63 Consulte Mais informação »
Paramount Global Swings To Loss On Streaming, Soft Ad Market In Rough First Quarter; Stock DropsParamount Global fell shy of Wall Street forecasts with ongoing losses in streaming exacerbated by soft advertising at its TV/Media group last quarter, and a dip in filmed entertainment as well. Th…
Fonte: DEADLINE - 🏆 109. / 63 Consulte Mais informação »
Paramount Global shares fall over 25% after weak earnings report, dividend cutParamount Global shares plummet as company cuts dividend and earnings miss estimates.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »
Stocks making the biggest moves midday: PacWest, Western Alliance, Paramount Global & moreThese are the stocks posting the largest moves in midday trading.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »