The company reported adjusted quarterly earnings of 97 cents per share, below the consensus estimate of $1.44 per Refinitiv. Revenue also came in below forecasts. ViacomCBS said the quarter was transitional, and the combination will cut expenses by more than expected.— Mednax fell more than 20% on Thursday after it issued first-quarter guidance below what Wall Street analysts had been expecting.
— CNBC's Maggie Fitzgerald, Yun Li, Pippa Stevens, Jesse Pound, Fred Imbert and Tom Franck contributed to this report.Related Tags
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