Search

News

Disney’s streaming business may not bring profits
... customers outside the United States is not certain that it will bring bumper profits. After over half a dozen analysts cut their price target on the stock, it fell by as much as 5.5 per cent to a two-year low of US $99.47 in early trading on Thursday. One Disney source said the service is poised to launch in 42 countries this summer, expanding its global reach to 106 countries. On average, the US customers pay $6.32 in the United States. Operating losses for the company's streaming business, which includes ...
Updated: 05/12/2022
Wall Street falls for second day as inflation fears linger
... was down 294.57 points, or 0.93%, at 31,539. The S&P 500 SPX was down 53.09 points, or 1.35%, at 3,882. The Nasdaq Composite IXIC was down 193.70 points, or 1.70%, at 11,170, and the Nasdaq Composite IXIC was down 193.70 points, or 1.70%. The Walt Disney Co DIS.N fell 3.9% after the entertainment giant's second quarter revenue and profit fell short of estimates, and it cautioned that supply chain disruptions and rising wages could pressure finances. A plant-based protein maker Beyond Meat Inc. ...
Updated: 05/12/2022
Stocks trade lower as inflationary pressures linger
U.S. stocks traded lower Thursday as concerns about lingering inflationary pressures weighed on several asset classes. U.S. stocks traded lower Thursday as concerns about lingering inflationary pressures weighed on several asset classes. On Wednesday, the Dow Jones Industrial Average fell 327 points, or 1.02%, to 31834, the S&P 500 declined by 66 points, or 1.65%, to 3935, and the Nasdaq Composite dropped 373 points, or 3.18%, to 11364. The S&P 500 has dropped 18% from its January high of 18%....
Updated: 05/12/2022
Futures trade lower as April inflation slows
... benchmark index snapped a three-day losing streak. The Dow Jones Industrial Average dropped 1% to 31,834. The Nasdaq fell by 3.2% to 11,364. The three major indexes are on pace for another sharp weekly loss. After initially rising on the earnings news, Disney 's shares fell 3% in extended-hours trading. The world's largest entertainment company posted earnings of $470 million, or 26 cents a share, down from $901 million or 49 cents a share a year ago. The adjusted earnings were $1.08 a share, less than ...
Updated: 05/12/2022
Disney’s streaming business gets mixed reviews
The growth in customers outside the United States isn't certain to bring bumper profits. Huang Disney's streaming gains beat Wall Street's estimates for the company's marquee Disney video service, but the costs of the business left investors and analysts unimpressed. The growth in customers outside the United States isn't certain to bring bumper ...
Updated: 05/12/2022
Disney’s CEO Chapek says company's business growth ‘a one-kind service’
The ongoing dispute with Florida, whose legislature dissolved Walt Disney World's private government, known as the Reedy Creek Improvement District last month, was not part of the conversation. The ongoing dispute with Florida, whose legislature dissolved Walt Disney World's private government, known as the Reedy ...
Updated: 05/12/2022
Disney parks and streaming services booming
Disney said its profit slipped in the recently ended quarter, but its television streaming service and parks were booming. Disney said its profit slipped in the recently ended quarter, but its television streaming service and parks were booming. The ...
Updated: 05/11/2022
Disney reports sales of $19.25 billion in second quarter
Disney DIS, which had a second quarter net income of $470 million, or 26 cents a share, had sales of $19.25 billion, up from $16.25billion a year ago. Disney DIS , which had a second quarter net income of $470 million, or 26 cents a share, had sales ...
Updated: 05/11/2022
Sort by relevance | Sorted by date