Paramount Global (PARA) delivered adjusted earnings of 54 cents per share for the second quarter of 2024, which beat the Zacks Consensus Estimate by 285.71% and increased significantly from 10 cents reported in the year-ago quarter. Revenues of $3.81 billion missed the Zacks Consensus Estimate by 5.49%. The figure declined 10.5% year over year, owing to softness in TV Media and Filmed Entertainment revenues. Adjusted OIBDA jumped 43% from the year-ago quarter's level to $867 million. Selling, general and ad ...

For the quarter ended June 2024, Paramount Global-B (PARA) reported revenue of $6.81 billion, down 10.5% over the same period last year. EPS came in at $0.54, compared to $0.10 in the year-ago quarter. The reported revenue represents a surprise of -5.49% over the Zacks Consensus Estimate of $7.21 billion. With the consensus EPS estimate being $0.14, the EPS surprise was +285.71%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Paramount Global-B (PARA) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 285.71%. A quarter ago, it was expected that this company would post earnings of $0.34 per share when it actually produced earnings of $0.62, delivering a surprise of 82.35%. Over the last four quarters, the co ...

CAPE CORAL, Fla., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Take the plunge into the underwater world! In commemoration of the 25th anniversary of Nickelodeon's SpongeBob SquarePants, Bones Coffee Company announces the launch of its new coffee collection inspired by the fan-favorite animated series. The craveable collection includes three all new flavors with thematic mugs to go with them. "So many of our Bones Coffee fans love SpongeBob SquarePants, and we are thrilled to work with Paramount Consumer Products on t ...

Paramount Global (PARA) is set to report second-quarter 2024 earnings on Aug 8. The Zacks Consensus Estimate for second-quarter earnings has remained steady at 14 cents per share in the past 30 days. The figure indicates a rise of 40% from the year-ago quarter's reported figure. The consensus mark for revenues is pegged at $7.21 billion, indicating a 5.34% decline from the year-ago quarter's reported figure. The company's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, deli ...

MLB Superstar Aaron Judge Makes Rubble & Crew Debut Monday, Aug. 26 Season One of Rubble & Crew Available to Stream on Paramount+ Beginning Wednesday, Sept. 4 Share it: @Nickelodeon @NickelodeonFamily @ParamountPlus #RubbleAndCrew #PAWPatrol ClickHERE for crossover event assets. Click HERE for Aaron Judge assets. BURBANK, Calif., Aug. 1, 2024 /PRNewswire/ -- Preschoolers will get ready to wreck and roll with Rubble and his crew, as Nickelodeon bulldozes the entire month of August with all-new episodes of Sp ...

SANDPOINT, Idaho, July 31, 2024 /PRNewswire/ -- Litehouse announced the retail availability this summer of two new product lines, Litehouse Kids and Litehouse Loaded, reinforcing its commitment to quality and innovation. Produced in partnership with Paramount Consumer Products and FoodStory Brands, Litehouse Kids will introduce two exciting themes for dips, leveraging their popular franchises including SpinMaster's PAW Patrol and Teenage Mutant Ninja Turtles: Mutant Mayhem. The Litehouse Loaded product line ...

NEW YORK, July 22, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating whether the Paramount Global (Nasdaq:PARA) merger transaction is fair to minority shareholders, who are being offered up to $15 per share in exchange for their Paramount Class B Shares. Why is Paramount being investigated by BFA Law? Shareholders are encouraged to submit their information to find out about their rights. If you currently own shares of Paramount Global you may have legal options and are encour ...

Core Viewpoint - Paramount Global is facing scrutiny regarding the fairness of its merger transaction, particularly concerning the treatment of Class B shareholders who are offered significantly less than Class A shareholders [2][4][3]. Group 1: Merger Transaction Details - Paramount Global announced a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family on July 7, 2024 [4]. - Class A shareholders are entitled to elect to receive $23 per share in cash, while Class B shareholders can elect to receive $15 per share, which may be prorated depending on shareholder elections [2]. - National Amusements controls nearly 80% of Paramount's voting stock and is not subjecting the merger to a vote by minority shareholders, raising concerns about the lack of input from these shareholders [4]. Group 2: Legal Investigation - Bleichmar Fonti & Auld LLP is investigating whether the merger transaction is fair to minority shareholders, particularly those holding Class B shares [3]. - The firm believes that the disparate treatment of Class B shareholders may violate Delaware law and that the board of directors may have breached their fiduciary duties [2]. - Shareholders are encouraged to submit their information to understand their rights and potential legal options [9][8].

If you are a shareholder of Paramount, you are encouraged to submit your information at: https://www.bfalaw.com/cases-investigations/paramount-global. Why Bleichmar Fonti & Auld LLP? Next Steps: Why is Paramount being investigated by BFA Law? As part of the merger transaction, Class A shareholders are entitled to elect to receive $23 per share in cash. Class B shareholders, however, are entitled to elect to receive a payout in cash of $15 per share, which will be prorated if enough shareholders elect to rec ...