The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 cents anticipated by analysts polled by LSEG.
First-quarter earnings of 24 cents per share surpassed an estimate of 11 cents per share from Factset.
Second-quarter earnings and revenue guidance also came in better than expected.
F5 — The application security cloud company dropped 9% after F5 issued disappointing third-quarter revenue guidance of $675 million to $695 million, compared to the $695 million LSEG consensus estimate.
Second-quarter revenue of $681 million also missed the $685 million anticipated by analysts.
Persons:
Bob Bakish, LSEG, Chegg, Medifast, Coursera, Woodward, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler
Organizations:
Paramount, CBS, LSEG, Sensata, Elliott Investment
Locations:
LSEG ., Factset .