CNBC Daily Open: Earning's better than revenue this season

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribein extended trading after the company reported quarterly earnings. Earnings per share came in at 82 cents, higher than the expected 70 cents. Total Disney+ subscribers, at 150.2 million, also beat forecast by more than 2 million.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyfor the first time after its initial public offering. The semiconductor licensing company had a net loss of $110 million, but that's because of a one-time share-based compensation of more than $500 million. Revenue, on the other hand, was up 28% year on year, as licensing sales jumped 106%.

But for investors hoping to time markets and reap quick gains on those events, CNBC's Bob Pisani has a warning."The idea that you can predict the future direction of stock prices, and act accordingly — is not a successful investing strategy,"

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