Entertainment media company Paramount Skydance (PSKY.US) announced third-quarter revenue below expectations, but the company expects the cost savings from the merger to increase by $1 billion compared to previous forecasts. The stock price rose 7% in after-hours trading.
Revenue for the quarter was $6.7 billion, lower than analysts' expectations of $6.87 billion; adjusted EBITDA was $952 million. The company expects fourth-quarter revenue to be between $8.1 billion and $8.3 billion, higher than the market expectation of $7.84 billion.
The company recently announced a new round of layoffs, affecting approximately 1,600 employees, related to the divestiture of its assets in Argentina and Chile

PSKY

Entertainment media company Paramount Skydance announced third-quarter revenue of $6.7 billion, below the expected $6.87 billion, but it is anticipated that cost savings from the merger will increase by $1 billion, with the stock price rising 7% in after-hours trading. The company expects fourth-quarter revenue to be between $8.1 billion and $8.3 billion, exceeding the market expectation of $7.84 billion. In addition, the company announced layoffs of approximately 1,600 employees, involving the divestiture of assets in Argentina and Chile

《業績》Paramount Skydance 料合併節省成本高預期 股價盤後漲 7%

《業績》Paramount Skydance 料合併節省成本高預期股價盤後漲 7%