Disney (DIS) achieved a major milestone in its pivot toward the streaming era. The company’s streaming services segment turned profitable for the first time in the third quarter of fiscal 2024, ahead of its prior expectations of achieving profitability in the fourth quarter. This is a significant development that has sent shockwaves through the media industry and has investors questioning whether now is the time to buy Disney's stock. (Read More: Disney Q3 Earnings Beat Estimates, Revenues Rise Y/Y)Disney's ...

Many fans want original films, but there's big money to be made in going back to the well.There are a lot of takeaways from Walt Disney's (DIS -4.46%) generally upbeat -- but poorly received -- fiscal third-quarter report on Wednesday morning. I'll just focus on one thin slice of the media giant's business: Disney's penchant for sequels. More specifically, I want to zero in on a piece that enthusiasts tend to shake their heads at, although it's something that should excite shareholders.Disney has now put ou ...

As the major averages declined Wednesday, failing to recover fully from the brutal early week sell-off, CNBC's Jim Cramer explained the current dynamics and attitudes at play on Wall Street. He used Disney's post-earnings stock performance to explain how investors want rate cuts but are also concerned by a lack of consumer spending."You can't hope for rate cuts from the Federal Reserve and also expect zero weakness in any part of the economy that impacts your portfolio," he said. "Wall Street wants to have ...

JHVEPhoto The Walt Disney Company (NYSE:DIS) reported its fiscal third quarter earnings with the surprise announcement that the combined streaming business is now profitable. Disney Streaming Business Results Second Quarter 2024 (Disney Executive Commentary Second Quarter August 2024) The overall profit improvement in this one area of the business is so large that it is worth pointing out before we talk about anything else. Obviously, both the quarterly improvement and the year-to-date improvement pla ...

Topline Disney stock slid Wednesday after the company warned about softness in its cash cow parks division during its morning quarterly earnings update, sending shares to a new 2024 nadir as the entertainment conglomerate grapples with an extended slump on Wall Street.Disney stock slumped Wednesday.Getty Images Key FactsShares of Disney fell almost 4% to just above $86 by late afternoon, registering their lowest intraday level since Nov. 8, 2023, despite reporting quarterly profits and revenue above consens ...

Stocks appear to be staging a reversal on Wednesday, reclaiming more ground after Tuesday’s first rally attempt. The gains come on the heels of a three-day rout that took out a substantial portion of this year’s market gains.A sharp rise in the Japanese Yen against the US dollar ignited an unwinding of what’s referred to as a “carry trade,” whereby speculators who borrowed money at Japan’s near-zero interest rates to buy US risk assets rushed to liquidate their holdings.In the years leading up to the 2008 f ...

Disney (NYSE:DIS) stock is one of today’s top trending names for mixed reasons. The family entertainment conglomerate has been volatile since markets opened as both positive and negative headlines trend.For one, Disney+, the streaming arm of the company, managed to turn a profit for the first time since launching in 2019. But Disney has also reported weaker-than-expected results for its theme parks, which suggests that the industry may be in trouble. This type of day tends to leave investors with questions ...

Walt Disney reported a decline in operating profit at its theme parks and predicted a ‘moderation in demand’ in coming quarters, overshadowing the success of the animated Pixar film “Inside Out 2” and the company’s streaming services.The company’s stock was down 1.3% Wednesday as Disney warned operating income at the parks would be down ‘mid single-digits’ in the fiscal fourth quarter. 3 The Walt Disney Company’s latest earnings report beat estimates from Wall Street analysts. AP“We expect to see a flatti ...

The Walt Disney Company hosted an earnings call on Wednesday.CFO Hugh Johnston said the company will crackdown on password-sharing in September.Disney also reported that its streaming business is profitable for the first time this quarter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're o ...

U.S. stock futures are trying to hold on to yesterday’s rebound after three straight sessions of bloodbath. Currently, the S&P 500 is up +56 points, the Nasdaq is +233 points, and the Dow is +313 points.Investors are trying to reassess the situation following last week’s weak jobs data that showed lower-than-expected job additions in July and a spike in the unemployment rate that raised concerns among investors about the economy’s health. Tech stocks that have been driving the Wall Street rally for so long ...