Text size Paramount reported revenue that slightly missed expectations. Dreamstime Paramount Global stock fell sharply on Thursday after the media company reported a big miss on quarterly profits due to a slump in advertising and its CEO announced price increases in 2023. For the fourth quarter, the media company (ticker: …
Read More »Dow falls 350 points after January wholesale inflation rises more than expected
U.S. stock indexes fell Thursday morning as investors digested another hot inflation report that showed price pressures at the wholesale level rose more than expected in January, fueling concerns that the Federal Reserve will raise interest rates higher than expected. How are stock-index futures trading The S&P 500 SPX, -0.89% …
Read More »Paramount’s Earnings Fall on Higher Streaming, Film Expenses
Paramount Global PARA 9.31% posted lower earnings for the fourth quarter as losses mounted at its streaming business and higher film costs ate into profit. The New York-based media company said Thursday that higher revenue from its direct-to-consumer and film segments offset declines in its core television business. Higher costs, …
Read More »Paramount Posts a Big Miss. The Stock Is Falling.
Text size Paramount reported revenue that slightly missed expectations. Dreamstime Paramount Global stock fell sharply on Thursday after the media company reported a big miss on quarterly profits, partly due to a slump in advertising. For the fourth quarter, the media company (ticker: PARA) delivered adjusted profits of 8 cents …
Read More »Berkshire Hathaway Boosts Stake in Apple, Paramount Global in Relatively Quiet Quarter
Warren Buffett ‘s Berkshire Hathaway BRK.B -0.94% sold more shares than it bought in the final quarter of 2022, a regulatory filing Tuesday showed. The Omaha, Neb.-based company added to its positions in Apple Inc., AAPL -0.42% Louisiana-Pacific Corp. LPX -0.76% and Paramount Global PARA 0.63% in the final three …
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