Paramount Skydance Stock Climbs After Q3 Report: Here's Why
1. PSKY's shares rose 5.18% following quarterly earnings report. 2. The company reported a loss of 12 cents per share, missing estimates. 3. Quarterly revenue reached $6.7 billion, below the estimated $6.97 billion. 4. 1,600 layoffs were announced and Paramount+ price increase expected next year. 5. Expectations for $1 billion in merger savings may positively affect future growth.