The media stock is soaring after a blowout quarterly report.Shares of Walt Disney (DIS 7.17%) opened sharply higher on Thursday, following better-than-expected financial results earlier in the day. The 8% pop at market open finds the media giant's stock trading at its highest level in more than six months.I argued at the start of this trading week that a strong fiscal fourth-quarter report could send Disney shares back above $100 for the first time in months. The blowout performance is making sure that the ...

Walt Disney reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year.The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly $8 billion. It also said it expects to buy back $3 billion worth of stock.Disney’s stock jumped 10.2% to $113.17, its h ...

Thursday, November 14, 2024This morning, pre-market trading is mild. The big relief rally following the General Election — Republicans yesterday won a majority in the House, officially making it a clean sweep — has given way to a more cautious approach, with one eye trained on economic data having influence over Fed monetary policy going forward.The Dow is +83 points at this hour, while the S&P 500 and Nasdaq indexes are -1 point and -20 points, respectively. The small-cap Russell 2000 is +2 points. Followi ...

Last week, Warner Bros Discovery said it was excited about doing deals during Trump's second term.Disney's Bob Iger is taking a different tack: He says the company has bought everything it needs.Regardless of what Iger actually wants to do, he's probably better off not talking about it right now. 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 ...

Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's Chief Financial Officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably more than the benefit" when it comes to separating its TV networks business, given the "operational complexity."The future of the traditional TV network business has been top of mind in the media industry. In late October, Comcast executives said they were exploring a separ ...

Disney stock is climbing higher after a good earnings report.In this video, I will cover Walt Disney's (DIS 8.85%) fourth-quarter earnings. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 13, 2024. The video was published on Nov. 14, 2024. ...

As controversial and emotionally charged as Iger’s return was for the market, it is a move paying off for investors at Walt Disney NYSE: DIS. His return keeps the company on track to sustain long-term growth, healthy cash flows, and increasing capital returns while delivering value to its consumers. The results from Q3 are a testament to his efforts, including optimizing the streaming business. Streaming and entertainment were the driving forces of growth in FQ4, but strengths were seen across the board, in ...

Walt Disney (DIS) reported $22.57 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.3%. EPS of $1.14 for the same period compares to $0.82 a year ago.The reported revenue represents a surprise of -0.09% over the Zacks Consensus Estimate of $22.59 billion. With the consensus EPS estimate being $1.09, the EPS surprise was +4.59%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Disney CEO Bob Iger had a “hot mic” moment on the company’s fiscal fourth quarter earnings call Thursday morning, questioning aloud whether he should have revealed key streaming numbers. Fielding a question from a Wall Street analyst about the growth outlook and pricing strategy of Disney+, Iger divulged how many Disney+ subscribers take the ad-supported tier in the U.S. (37%) and globally (30%). The disclosure was unusual in the streaming sector. Netflix, for instance, has never broken out a similar perce ...

ToplineDisney expects a more than $1 billion profit in its streaming division for its 2025 fiscal year, the company said Thursday in its quarterly earnings release, much to the delight of investors.A fireworks display at Shanghai Disney Resort on Tuesday.VCG via Getty Images Key FactsShares of Disney climbed 10% to $113 at market open, hitting its highest intraday share price since early May as Wall Street responded favorably to better-than-expected quarterly earnings and guidance. The company said it expe ...