'A dividend cut typically signals material shifts in managements' views of risk profiles,' writes one Wall Street expert.
But Cahall highlighted that Paramount’s free cash flow loss in particular widened. Free cash flow is a profitability metric that Wall Street uses to gauge how much money companies have left over once they meet all their financial commitments. A loss means that a firm must tap into its cash reserves or use debt. Paramount’s first-quarter free cash flow loss came in at $554 million, “versus our $234 million loss and Street $411 million loss” estimate, the analyst said.
But what will all that mean for management’s goal of returning to positive free cash flow in 2024? “The dividend and bigger first-quarter cash outflow is likely to rekindle discussions around cash generation, and what the key drivers are for getting to free cash flow positive,” Cahall wrote in a section under the header “The first cut is the deepest.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Paramount Streaming Loss Widens to $511M as Paramount+ Hits 60M SubsThe company takes $1.67 billion in programming charges and cuts its dividend as quarterly results miss Wall Street expectations and TV advertising drops 11 percent.
Weiterlesen »
Paramount slashes quarterly dividend by 79%, stock plummetsParamount Global Inc. will slash its quarterly dividend to 5 cents a share from 24 cents a share, the media giant announced Thursday. This “updated dividend...
Weiterlesen »
Paramount Global Swings To Loss On Streaming, Soft Ad Market In Rough First Quarter; Stock DropsParamount Global fell shy of Wall Street forecasts with ongoing losses in streaming exacerbated by soft advertising at its TV/Media group last quarter, and a dip in filmed entertainment as well. Th…
Weiterlesen »
Scotts Miracle-Gro profit falls 60% but beats estimates, as revenue falls shortScotts Miracle-Gro Co. said Wednesday its fiscal second-quarter profit dropped by 60% to $109.4 million, or $1.94 a share, from $276.5 million, or $4.94 a...
Weiterlesen »
Mercury Systems stock falls 9% as aerospace and defense tech company lowers 2023 guidanceMercury Systems Inc. stock dropped 9% in the extended session Tuesday after the aerospace and defense electronics maker reported fiscal third-quarter profit...
Weiterlesen »
Sprout Social stock drops as revenue forecast for current quarter falls shortSprout Social shares dropped in the extended session Tuesday after the social-media management software company's forecast revenue below expectations.
Weiterlesen »