After-hours movers: Block gains following results, Bill.com sinks
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- Wall St indexes fall to two-week lows as rising bond yields, disappointing Walmart results drag
- Walmart shares fall despite earnings beat
- Alibaba stock dips as Q2 profit misses estimates despite strong AI cloud growth
- Wolfe remains "broadly bullish on AI semis stocks", names Top Pick
- Moderna stock pulls back after massive one-day rally: analysts weigh in
- Marvell issues Google warrant tied to custom chip deal
- FOMC minutes from July 28-29th meeting
- US stock futures steady after tech slump; investors focus on Middle East tensions
- Lowe's Cos. (LOW) Tops Q2 EPS by 17c, Misses on Revenue; Offers Fy27 Guidance
- Deutsche Bank calls Treasury buyback doubling similar to ’operation twist’
Paramount Global (PARA) cut to sell at BofA as asset sales fail to materialize
November 6, 2023 10:19 AM ESTParamount Global (NASDAQ: PARA) is hard to buy if there is no sale, according to BofA analyst Jessica Reif Ehrlich, who double downgraded the stock to Underperform from Buy and lowered the price target to $9 from $32 in a note Monday.
The analyst explained... More
Paramount Global (PARA) gains on Q3 beat driven by Paramount+ but not everyone is bullish
November 3, 2023 6:54 AM EDTParamount Global (NASDAQ: PARA) gained 4% in early trading Friday following a third-quarter earnings beat driven by Paramount+ growth.
Paramount earnings per share rose 71% from last year to $0.30, easily beating the analyst estimate of $0.11.
Revenue for the quarter rose 3% to $7.13 billion, in-line with the consensus. Direct-to-consumer revenue beat estimates, rising 38% in the year, driven by strong subscription and advertising revenue. Meanwhile, TV Media was lower-than-expected
Paramount+ subscribers reached more than 63 million, driven by 2.7 million net additions in the quarter. This beat the consensus of 2 million net additions.
Subscription revenue at the... More
