Paramount Shares Jump After Q3 Earnings Report And David Ellison Comments

Paramount shares jumped more than 10% Tuesday after the company’s third-quarter earnings report and a strategy update from CEO David Ellison and his management team. The stock topped $16.90, its highest level in two weeks, midway through the session. Trading volume on the Veterans Day holiday was lighter than average. Shares are up almost 50% since the August 7 close of the Paramount-Skydance merger, but they have been flat in recent weeks. Paramount’s quarterly revenue came in a bit lighter than Wall Str ...