Disney earnings beat estimates in first results since proxy battle

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Disney earnings beat estimates in first results since proxy battle

) has reported adjusted earnings per share of $1.21 in its fiscal second-quarter, topping Wall Street estimates, as the entertainment giant's executive team looks to turn the page after emerging victorious in a fierce proxy battle earlier this year.

In a statement, Chief Executive Bob Iger, who was at the center of a fight with activist investors led by Trian Partners boss Nelson Peltz, said that a turnaround push he has been helming is yielding "positive results." He pointed in particular to strength at its entertainment streaming service, as well as its crucial parks business.

Iger added that he still expects Disney's overall streaming business, which he has flagged as a key part of an ongoing drive revive the firm's share price performance, to be profitable by the fourth quarter.This is a developing story. Please check back later for updates.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

 

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