Paramount Global stock up double digits for second straight day
Publishing timestamp: 2023-11-03 13:11:59
Summary
Paramount Global's stock has jumped for the second day in a row following the release of its strong third-quarter earnings report. The company's streaming business, including Paramount+ and Pluto TV, reported revenue growth and narrower losses. Wall Street analysts are optimistic about the company's future earnings growth. However, the stock is still down for the year and has experienced a seven-year losing streak. The article also mentions the successful sale of book publisher Simon & Schuster and the potential for a merger or sale of the company. Other media stocks, such as Roku and Disney, also experienced jumps in their stock prices.
Sentiment: MIXED
Tickers: ROKU, WBD, PARA, DIS,
Keywords: life, business news, walt disney co, media, stock markets, warner bros discovery inc, shari redstone, earnings, entertainment, breaking news: business, paramount global, roku inc,
Source: https://www.cnbc.com/2023/11/03/paramount-global-para-stock-jumps-second-straight-day.html