Disney Stock Rises as Streaming Profit, Experiences Revenue Grow
Disney(DIS) Investopedia·2024-11-14 20:30
Shares of The Walt Disney Company (DIS) rose in premarket trading Thursday as revenue and adjusted profit topped analysts' estimates. The entertainment giant reported $22.57 billion in revenue, up from $21.24 billion last year and narrowly above the $22.50 billion analysts expected, according to Visible Alpha. Disney posted net income of $460 million, or 25 cents per share, well below estimates of $1.74 billion, or $0.96 per share. After accounting for about $1.5 billion in one-time charges like restructur ...