Disney Reports Strong Third-Quarter Profits Driven by Streaming and Parks
Disney announced strong third-quarter profits, with its streaming services and theme parks driving the positive financial results. The company's shares rose after beating earnings estimates, despite a slight revenue shortfall.
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Disney’s Streaming and Parks Drive Third-Quarter Profits
Walt Disney's profit beat Wall Street estimates in the company’s fiscal third quarter, driven by soaring income from its entertainment division and the resilience of its theme parks in California and Florida. Bloomberg's Geetha Ranganathan joins Bloomberg Intelligence to discuss Disney as well as Paramount Skydance's earnings. (Source: Bloomberg)
Read full article →Disney beats earnings estimates in CEO Josh D'Amaro's first full quarter
Disney CEO Josh D'Amaro unveiled earnings results after his first complete quarter at the helm. VCG/VCG via Getty Images Disney pleased Wall Street in its first full quarter under CEO Josh D'Amaro. Shares rose over 4% in premarket trading as the Mouse House posted mixed revenue and earnings results for the quarter ending on June 27. Adjusted diluted earnings per share were up 28% year-over-year to $2.06, higher than analysts' estimate of $1.86 per share. Revenue rose 7% year-over-year to $25...
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