Disney Stock Surges To 6-Month High Thanks To Earnings Beat And Streaming Profit Optimism
Disney(DIS) Forbes·2024-11-14 22:30
ToplineDisney expects a more than $1 billion profit in its streaming division for its 2025 fiscal year, the company said Thursday in its quarterly earnings release, much to the delight of investors.A fireworks display at Shanghai Disney Resort on Tuesday.VCG via Getty Images Key FactsShares of Disney climbed 10% to $113 at market open, hitting its highest intraday share price since early May as Wall Street responded favorably to better-than-expected quarterly earnings and guidance. The company said it expe ...