Disney earnings 'a mixed bag' on streaming, parks: Analyst

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Jessica Reif Ehrlich Nouvelles

Disney,Reif Ehrlich,Julie Hyman

Disney (DIS) stock is seeing a drop in Wednesday trading after the multinational entertainment company beat estimates on its top and bottom lines. In its...

In its fiscal third quarter, Disney reported revenue of $23.2 billion and adjusted earnings of $1.39 per share .

Deadpool versus Wolverine is doing extremely well and what's important about, well, for one, it's a turn around just, just on the film unit theatrical alone.So it, you know, the company talked this today on their call and, and in their press release about how the original movies, the original inside out or the the prior Deadpool movies and Wolverine movies, how consumers have come back to the streaming service to re-watch them or sign up just to see them.

But it looks like at this point, the, um the indication from management was that the next several quarters could be difficult.I followed Disney for many decades and it's, uh you know, there's no way around it, there's exposure to the economy. The parents of a Kentucky baby who died last fall after drinking bacteria-tainted infant formula are the latest to sue Abbott Nutrition, the manufacturer at the heart of a 2022 crisis that left millions of Americans scrambling to feed their children. Willow Jade Dellaquila, of Carrollton, Kentucky, was 13 days old when she died on Nov. 5, 2023. “They told me she had a stroke on her right side of the brain,” Cheyenne Ping, Willow’s 25-year-old mother, said in an interview.

 

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