Media and entertainment giant Disney reported its quarterly earnings on Thursday that came above the Wall Street estimates thanks to strong streaming results. The company’s stock rose more than 6% immediately after the results were announced.
Disney’s revenue in the fourth quarter of fiscal 2024...
U.S. stocks rallied on Wednesday, with the S&P 500 closing at an all-time record high of 4,995. This has put the U.S. benchmark on track to hit the 5,000-point mark for the first time in its history.
It was the tech-heavy Nasdaq Composite that was...
Walt Disney Co. stock continued sliding this week, dropping almost 4% to reach its nine-year low. The investors seem to be less convinced about the company’s ability to return to its former heights and believe the dip might not stop there.
The company had an...
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 reported its first-quarter earnings after the bell on Wednesday, narrowly missing consensus estimates on its earnings per share. The company realized adjusted earnings per share of $0.93; just short of an expected $0.94.
Revenue for the three months ending March 31 was $21.82 billion;...
Comcast and Disney are confident that their financial performances will improve after spending on their streaming businesses hit new heights in 2022 with peak spending expected to be reached this year. The streaming giants expect that once this peak is hit, costs will decline...
