Walt Disney exceeded Wall Street's earnings expectations, with its theme parks in Shanghai and Hong Kong offsetting a decline in advertising revenue at television network ABC. The company's stock rose postmarket and jumped 3% on Wednesday after beating analyst estimates on earnings and reducing losses in its streaming division. Disney's strong quarterly results led to a 6% stock gain, with a positive cash flow forecast igniting dividend hopes.
Disney Stock Soars 6% After Strong Earnings—Biggest Gain Of 2023 https://t.co/rMam6I7nE6 https://t.co/Q54V5nWGiR
WATCH: Walt Disney exceeded Wall Street's earnings expectations, thanks to eager crowds at its Shanghai and Hong Kong theme parks https://t.co/hNm7ShKttf https://t.co/WcKxGKte4i
Walt Disney exceeded Wall Street's earnings expectations, thanks to eager crowds at its Shanghai and Hong Kong theme parks https://t.co/HqY1WIycAt https://t.co/DxcqGYBmte
Disney stock leaps as earnings impress, cash flow forecast ignites dividend hopes https://t.co/ROrv9duP9o
WATCH: Shares in Walt Disney rose in after-hours trading, following solid quarterly results that saw gains in Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC https://t.co/hNm7ShKttf https://t.co/UW9ua1tHbR
Shares in Walt Disney rose in after-hours trading, following solid quarterly results that saw gains in Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC https://t.co/HqY1WIycAt https://t.co/secMCWrkDw
Disney's stock jumped 3% on Wednesday after the media giant beat analyst expectations on earnings and significantly reduced losses within its streaming division. https://t.co/Rw86PfaudN
Disney tops earnings forecasts as Iger sets 'building' phase https://t.co/q6bnx8CcQA https://t.co/MYiEOxAHe0
Disney rose postmarket after its earnings topped estimates, with theme parks delivering the biggest profit boost https://t.co/7qnJEtwFll
Disney tops earnings forecasts as Iger sets 'building' phase https://t.co/RxLb16F0Nx https://t.co/Y1YCujIks9