Disney streaming results show 'encouraging signs': Analyst

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The Walt Disney Company (DIS) reported mixed fiscal fourth quarter results. Adjusted earnings per share of $0.82 topped analyst expectations of $0.69, while ...

mixed fiscal fourth quarter results. Adjusted earnings per share of $0.82 topped analyst expectations of $0.69, while revenue of $21.24 billion fell slightly short of estimates of $21.43 billion. The entertainment giant also now sees bigger cost savings than it had previously expected, raising its estimate to $7.5 billion from $5.5 billion. The company's main streaming service, Disney+, also added more subscribers than the Street had been anticipating.

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