Paramount Global (NASDAQ:PARA) reported its Q1 earnings results on Tuesday, May 3, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Paramount Global beat estimated earnings by 17.65%, reporting an EPS of $0.6 versus an estimate of $0.51.
Revenue was down $84.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.16 which was followed by a 17.81% drop in the share price the next day.
Here's a look at Paramount Global's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.42 | 0.76 | 0.96 | 1.22 |
| EPS Actual | 0.26 | 0.76 | 0.97 | 1.52 |
| Revenue Estimate | 7.49B | 6.57B | 6.48B | 7.30B |
| Revenue Actual | 8.00B | 6.61B | 6.56B | 7.41B |
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.
