News Formal

Walt Disney’s quarterly earnings beat market estimates; profit slips at theme parks

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 174%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

April-June operating income nearly tripled at its Entertainment unit, with the combined streaming businesses of Disney+, Hulu and ESPN+ posting a profit for the first time

reported on Wednesday quarterly earnings that exceeded Wall Street expectations, buoyed by the success of animated Pixar film “Inside Out 2,” which helped overcome a profit decline at theme parks.

Operating income for the unit is likely to fall by “mid single digits” in the July-September quarter compared with the same period a year prior, Disney said. “We are confident in our ability to continue driving earnings growth through our collection of unique and powerful assets,” Iger said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walt Disney earnings, Fedspeak: What to watchAs the trading day comes to close, here is a preview off several key events on the horizon for next week. The corporate earnings season continues with a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »