Paramount Skyance Earns Boost on Efficiency Gains Post-Merger

2 months ago

Valerie Titel

">> And just 30 seconds left, but investors seem to like what they got from the first earnings for the new Paramount Skyance. >> Yes, shares gained as much as 10%. They're up around 5% now. The company claimed more efficiencies from the merger back in August with Sky Dance. They see efficiencies of around $3 billion up from the amount they previously claimed of 2 billion. So investors liking these cost efficiencies which were announced alongside a further workforce reduction. So Paramount Skyance up 5% this morning."

Investors reacted positively to Paramount Skyance's earnings report as the company revised its efficiency estimates post-merger, raising its outlook from $2 billion to $3 billion in cost savings. The positive data has contributed to a roughly 5% pre-market gain.

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