Shares of Paramount Skydance Corp (NASDAQ:PSKY) declined in early trading on Tuesday, even after yesterday, when the company reported upbeat first-quarter results.
• Paramount Skydance stock is showing notable weakness. What’s weighing on PSKY shares?
The highlights of the company’s results and outlook were DTC (direct-to-consumer) revenue growth and the acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD), according to Needham.
The Paramount Skydance Analyst: Analyst Laura Martin maintained a Hold rating on the stock.
The Paramount Skydance Thesis: The company’s revenues grew 2% year-on-year to $7.3 billion, while adjusted OIBDA surged 59% year-on-year to $1.16 billion, Martin said in the note.
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She added, however, that Paramount Skydance’s adjusted …