Disney: A Turnaround Appears Imminent

HAYKIRDI Shares of Disney (NYSE:DIS) went into a new up-leg after the entertainment company announced that it will massively increase in its capital returns in FY 2024. Disney also reported that losses in its direct-to-consumer business narrowed significantly in the December quarter which makes it likely that the streaming company will be able to report its first-ever operating profit in its DTC business this year. With more capital returns awaiting shareholders, Disney's shares are now much more attractive ...