My top 10 things to watch Tuesday, May 7 Shares of Club name Disney are falling nearly 8% after reporting Tuesday morning a slight revenue miss for its fiscal 2024 second quarter. The company's guidance is not as bad as the stock sell-off seems to suggest. Disney+ and Hulu together turned a profit in the quarter for the first time. Together with ESPN+, the streaming loss was much narrower: $18 million versus a $659 million loss in the year-ago period.
Disney+ and Hulu together turned a profit in the quarter for the first time. Together with ESPN+, the streaming loss was much narrower: $18 million versus a $659 million loss in the year-ago period. All of streaming is expected to be profitable in the fiscal fourth quarter., which releases its quarter after Tuesday's closing bell. Analysts expect Wynn's earnings per share of $1.27 versus 29 cents a year ago when China was not fully back from Covid.
Apple has been developing chips to run artificial intelligence software in data centers, according to The Wall Street Journal. Tuesday's report said the chips are for AI inference, not training AI models. This sheds some light on the tech giant's AI plans, which are expected to be revealed next month at the company's annual Worldwide Developers Conference.price target to $1,100 per share from $1,000. That's a 19% premium to Monday's close of $921.
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