Tag Archives: losses

Disney beats on earnings, boosts dividend as streaming losses narrow

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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Stocks recover losses after hot inflation print

Stocks recover losses after hot inflation print

US stocks recovered from earlier losses on Thursday to end the session mostly flat after a fresh reading on December inflation came in slightly hotter than economists had expected, raising new questions about the Federal Reserve’s path on interest rates. The S&P 500 (^GSPC) which had been down as much as 0.8% during the session, closed just under the flatline. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) hovered slightly above breakeven. Interest rate sensitive… Source link

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