on Thursday, August 8, posting mixed results. Adjusted earnings beat expectations, but revenue missed estimates, but Paramount's direct-to-consumer business posted a profit for the first time. The company is also planning to lay off 15% of its U.S. workforce. Citi Managing Director Jason Bazinet joins Yahoo Finance to discuss the Paramount's recent results. The company also took a nearly $6 billion right down on its cable television business.
And so the trade off that the streets looking at in aggregate across these companies, you know, isn't, isn't super bullish.
This is sort of a backward looking lagging indicator on some, you know, goodwill asset that sits on the balance sheet, that's sort of irrelevant.They're looking at what is the trajectory of the linear business?And so I, I'm sure the write downs are absolutely appropriate but not something that should really bother the street because each quarter they're adjusting to the real time trends.
Seneca Growth Capital VCT Plc 9 August 2024 Issue of Equity and Total Voting Rights The Company announces that it has today allotted and issued 122,182 new B ordinary shares of 1p each in the Company . The shares were issued pursuant to an offer for subscription for B Shares launched on 24 August 2023 to raise, in aggregate, up to £10 million with an over-allotment facility of up to a further £10 million . Pursuant to the Offer, and tFORM 8.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: DCN_Canada - 🏆 17. / 74 Read more »