Disney shares get earnings boost from parks, films

📆 08/11/2019 09:26:00
📰 The Straits Times

⏱ Reading Time:
31 sec. here
2 min. at publisher
📊 Quality Score:
News: 16%
Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

CALIFORNIA (REUTERS) - Theme parks and a remake of The Lion King boosted Disney's quarterly earnings on Thursday (Nov 7), beating Wall Street expectations.. Read more at straitstimes.com.

CALIFORNIA - Theme parks and a remake of The Lion King boosted Disney's quarterly earnings on Thursday , beating Wall Street expectations.

The company's earnings arrived just days before its streaming service Disney + is set to launch, as it attempts to become a powerhouse in a market dominated by Netflix. But it hasn't come cheap, with investments to build streaming media services increasing from a year earlier. Meanwhile, Disney's movie business benefited from box office hits like Toy Story 4, and the remakes of Aladdin and The Lion King.All that helping to drive up Disney's revenue, which rose 34 per cent to about US$19 billion .Disney shares got a boost from the solid earnings report - up in after-hours trading.

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:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Gap CEO Peck to leave; earnings forecast cut sends shares tumblingGap Inc said on Thursday Chief Executive Officer Art Peck will step down and also cut its full-year earnings forecast, blaming slower traffic and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Teva Pharm nudges up earnings forecast, names new CFOTeva Pharmaceutical Industries nudged up its full-year earnings guidance on Thursday, after reporting a drop in third-quarter profit that broadly ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »