Paramount Skydance: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Paramount Skydance Corporation (SKYD) on Monday reported third-quarter net income of $73 million.

The New York-based company said it had net income of 6 cents per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to 45 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The company posted revenue of $7.03 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $7.07 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SKYD at https://www.zacks.com/ap/SKYD