Mixed news from Paramount Global (NASDAQ: PARA) Wednesday got a muted reaction from investors Thursday. On the one hand, Paramount reported positive profits of $0.04 per share in Q4, despite analysts predicting a loss. On the other hand, Paramount fell $200 million short of revenue predictions, generating only $7.6 billion for the quarter. Ultimately, investors decided it was a wash, and Paramount shares closed the day just slightly up.

There was also mixed news coming out around the time the report was released.

On the plus side, an analyst at investment bank Benchmark thinks Paramount stock will soar 67% from here, and hit $19 a share within a year.

Continue reading

Source Fool.com