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Disney tops earnings forecast, shares soar in extended trading
DisneyDisney(US:DIS) Fox Business·2024-02-08 07:06

Walt Disney handily beat Wall Street's earnings expectations on Wednesday, lifted by record results at its theme parks and continued cost-cutting efforts, as it announced an investment in Fortnite-maker Epic Games. Even before the company's investor call, CEO Bob Iger announced in a CNBC interview that the company would take a $1.5 billion stake in Epic and work with the company to create a "huge Disney universe.""This marks Disney’s biggest entry ever into the world of games and offers significant opportun ...