Disney's Strong Earnings Report and Activist Investor's Opposition

This month, after Walt Disney Co. reported stronger-than-expected earnings, it appeared that the promise of Bob Iger’s return as chief executive might finally be on track to put the magic back into the kingdom. After a year that saw the entertainment giant buffeted by Hollywood strikes, major layoffs and stock price stumbles, the earnings report (and several headline-making announcements) sent Disney’s shares soaring, achieving the stock’s best day on Wall Street in three years.

The strong showing also appeared to deflate activist investor Nelson Peltz’s efforts to mount a boardroom shakeup at Disney’s upcoming annual shareholder meeting in April. But Peltz, 81, who was once described as having “a piratical charm and a velvet glove,” refused to back down. Within days, the pugilistic investor was throwing shade on Iger and Disney’s board, and criticizing their plans to move the company forward, vowing to continue his proxy fight against Disney — his second in less than a yea

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Galaxy Digital's Strong Earnings Will Carry Into Current Quarter, Analyst SaysWill Canny is CoinDesk's finance reporter.
Source: CoinDesk - 🏆 291. / 63 Read more »

These deep value stocks have strong balance sheets and solid earnings, Wolfe Research saysThese hidden-gem stocks are still looking attractive, despite a historic market rally.
Source: CNBC - 🏆 12. / 72 Read more »

Bakkt declares $780M full-year revenue in 2023 earnings reportBakkt reported a total revenue of $214.5 million for the fourth quarter of 2023, including its gross crypto and net loyalty revenues.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Here's our fourth-quarter earnings report card for 31 stocks in the portfolioWe ranked the quarterly reports of our holdings in the Club as great, good, not-so-bad and ugly.
Source: CNBC - 🏆 12. / 72 Read more »

Dollar Tree to shutter nearly 1,000 stores after dismal earnings reportTen years after acquiring Family Dollar, discount chain continues to struggle amid growing competition from Aldi, Dollar General and Walmart.
Source: KPIXtv - 🏆 443. / 53 Read more »

Hipgnosis Songs Fund Overstated Revenue, Earnings & Its Stakes in Music Catalogs, Says New ReportHipgnosis Songs Fund inflated earnings, song catalog stakes and more, says a report on the fund with stakes in catalogs by Justin Bieber and more.
Source: billboard - 🏆 112. / 63 Read more »