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Stock Price Movement of Paramount Global, Logitech, and more Companies

Paramount Global – 1.7% Share Price Dip

The share prices for Paramount Global have experienced a 1.7% dip in premarket trading. Paramount Global’s share prices experienced a dip after sharing its earnings and revenue for the first quarter of 2022. The entertainment giant reported that the earnings and revenues generated were lower than the expectations.

Paramount Global executives revealed that for the respective quarter, the earnings they generated were 52 cents per share. The expectations the analysts at StreetAccount had set for Paramount Global’s earnings were worth 60 cents per share.

The revenue Paramount Global generated for the respective quarter was $7.33 billion. However, the expectations the analysts had set for the respective quarter were $7.39 billion. As for the profit estimations, Paramount Global managed to generate a high profit than that.

Logitech – 1.80% Stock Price Dip

The share prices for Logitech have experienced a 1.8% dip in the premarket trading. Logitech experienced the dip after making changes to its guidance for the fiscal year 2023. The company revealed that it has made downward changes to its outlook due to the ongoing war conflict between Ukraine and Russia.

Despite sharing a weak outlook for the fiscal year 2023, Logitech had confirmed the earnings it had generated were stronger than the estimations. Even then Logitech was not able to save itself from the share price loss.

Nutrien – 6.7% Stock Price Surge

The share prices for Nutrien have experienced a 6.7% surge in premarket trading. Nutrien experienced the surge after sharing its guidance for the entire year. Nutrien has reportedly shared a raised guidance for the entire year due to a surge in crop prices. However, the executives at Nutrien shared weak earnings for the first quarter of 2022.

Hilton Worldwide – 2.2% Stock Price Dip

The share prices for Hilton Worldwide have experienced a 2.2% dip in premarket trading. The hotel giant has experienced a dip after sharing its earnings for the first quarter of 2022. Hilton Worldwide shared that its earnings were weaker than the expectations set by the analysts.

Even the guidance Hilton Worldwide shared for the rest of the year was lower than the expectations set by the analysts.

Biogen – Shares Surged by 1.1%

The share prices for Biogen have experienced a 1.1% surge in premarket trading. The share prices of Biogen experienced a surge after sharing its earnings results for the first quarter of 2022. For the respective quarter, Biogen revealed it generated earnings that matched the estimations made by the analysts.

Apart from announcing the earnings, Biogen revealed that Michel Vounatsos, who is the CEO at Biogen will be stepping down from his post.

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