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Disney beats on earnings, boosts dividend as streaming losses narrow

February 8, 2024 Yahoo News 0

Disney beats on earnings, boosts dividend as streaming losses narrow

Disney (DIS) said it will boost its cash dividend by 50% on Wednesday as the entertainment giant reported fiscal first quarter earnings that beat expectations while streaming losses narrowed. Disney reported adjusted earnings of $1.22 a share — a significant beat compared with the $0.99 analysts polled by Bloomberg had expected. The company also guided to full-year fiscal 2024 earnings of $4.60 a share, an increase of at least 20% versus 2023. Revenue came in at $23.5 billion, a slight miss… Source link

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UConn’s Geno Auriemma becomes third college coach in history to reach 1,200 career wins

February 8, 2024 Yahoo News 0

UConn’s Geno Auriemma becomes third college coach in history to reach 1,200 career wins

Geno Auriemma trails only Mike Krzyzewski and Tara VanDerveer on the college basketball all-time win’s list. (David Butler II/USA Today) Geno Auriemma joined an elite group of college basketball coaches on Wednesday night. The longtime UConn women’s basketball coach picked up his 1,200th career win after the Huskies cruised to a 67-34 win over Seton Hall. He’s now just the third coach in history, men’s or women’s, to reach the 1,200 wins mark. Only former Duke men’s coach Mike… Source link

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S&P 500 Closes on the Brink of Historic 5,000 Mark: Markets Wrap

February 7, 2024 Yahoo News 0

S&P 500 Closes on the Brink of Historic 5,000 Mark: Markets Wrap

(Bloomberg) — The historic rally in US stocks continued to power ahead, with the S&P 500 closing within a striking distance of 5,000. Most Read from Bloomberg Gains on Wednesday were fueled by a renewed surge in big tech and a strong sale of 10-year Treasuries that dimmed supply concerns. While bonds barely budged, equities extended their bull run on prospects that a solid economy will continue fueling corporate profits. In late trading, Walt Disney Co. and Arm Holdings Plc jumped on upbeat… Source link

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PayPal sees flat profit in ‘transition year,’ shares fall

February 7, 2024 Yahoo News 0

PayPal sees flat profit in ‘transition year,’ shares fall

By Manya Saini (Reuters) – PayPal’s forecast of flat growth in adjusted profit for the current year overshadowed its market-beating earnings report, sending shares of the payments giant down 7% in extended trading. On a post-earnings call, newly appointed CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit of driving profitable growth and ease pressure on its shares, which was one of the worst performers on the Nasdaq 100 Index in 2023. “We want to be clear eye… Source link

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Snap stock tanks after forecast disappoints: Investor patience is ‘thinning’

February 7, 2024 Yahoo News 0

Snap stock tanks after forecast disappoints: Investor patience is ‘thinning’

Snap stock (SNAP) tanked on Wednesday, sinking almost 35% as investors digested another disappointing quarterly report. The Snapchat parent company posted Q4 quarterly revenue of $1.36 billion, below Street estimates for $1.38 billion. The company has now missed revenue estimates on six of the last eight reports. And now, it says it expects to lose more money in the current quarter than Wall Street expected too. The company is now projecting an adjusted EBITDA loss in a range of $55 million… Source link

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Trump’s lawyers must explain to Judge Engoron whether key witness committed perjury on witness stand

February 7, 2024 Yahoo News 0

Trump’s lawyers must explain to Judge Engoron whether key witness committed perjury on witness stand

Judge Arthur Engoron gives lawyers for the state of New York and the defense in the $370 million civil financial fraud trial until 5 p.m. ET on Wednesday to detail what they know about former Trump Org. CFO Allen Weisselberg’s apparent negotiations to plead guilty to committing perjury during the trial. In the Georgia election interference case, 17 ethics experts, former prosecutors and defense attorneys file a legal brief with Judge Scott McAfee in which they argue that a sexual… Source link

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The two most important factors seen in tech earnings

February 7, 2024 Yahoo News 0

The two most important factors seen in tech earnings

Six of the tech stocks comprising the Magnificent Seven — Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Tesla (TSLA) — have reported earnings this season. What are tech investors learning from these results? Yahoo Finance Tech Editor Dan Howley breaks down the two biggest lessons expressed in mega-cap tech company performances: AI and the importance of fundamentals. For more expert insight and the latest market action, click here to watch… Source link

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