Reported 2 days ago
Walt Disney reported strong quarterly earnings, surpassing Wall Street estimates due to the successful release of the animated sequel 'Moana 2' and improved performance in its streaming business. Despite challenges at domestic theme parks affected by hurricanes, Disney achieved a 44% increase in adjusted earnings per share, driven by a 5% revenue rise to $24.69 billion. The company also forecasted continued growth in earnings and operating income for its streaming unit, while traditional television businesses faced declines.
Source: YAHOO