Disney Shares Jump 8% After Company Raises Guidance And Reports Cost-Cutting Progress

ToplineDisney’s stock spiked as much as 8% in after-hours trading Wednesday after the conglomerate reported earnings, raising its guidance and telling investors it’s on track to meet or exceed its $7.5 billion cost-cutting goal by the end of the fiscal year.Disney reported its latest earnings Wednesday. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK ... [+] T. FALLON/AFP via Getty Images)AFP via Getty Images Key FactsDisney expects earnings per share of about $4.60 for fiscal year 2024, a figure that ...