Disney Stock Climbs Amid Lower Capital Spending Forecast
Entertainment giant Walt Disney Company shared its second-quarter earnings on Wednesday, missing estimates on revenue and Disney+ subscribers. However, the company’s stock still made gains in the after-hours trading on the back of a lower capital spending forecast.
Disney reported revenue of $22.33 billion compared...
Disney’s Shares Up Almost 7% After Q2 Report Beats Wall Street Estimates
Walt Disney Co. shares saw a significant hike on Wednesday after the company's second-quarter report comfortably beat Wall Street analysts' estimates. Disney's stock (DIS) went up 6.87% in after-hours trading, reaching $120.11 per share. This represents the highest mark for DIS since April.
Disney's business...