With Streaming Business Turning Around, Is Disney Stock Attractive At $105? [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Forbes
World, on March 14, 2023, in Lake Buena Vista, Florida. (Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images) posted a mixed set of Q2 FY'24 results, with revenue growing just about 1% year-over-year to $22.08 billion, falling slightly short of estimates, although earnings were better than anticipated at $1.21 per share as the losses from the streaming business narrowed. However, Disney stock dropped by close to 10% in Tuesday's trading, as the third-quarter outlook for its experiences segment was weaker than expected. Disney's theme park business has been driving its top line for several quarters now, as the core entertainment business faces headwinds. Experiences revenue rose by 10% year-over-year in Q2 to $8.4 billion, led by stronger guest spending in the U.S. theme parks and resorts, growth at the Disney Cruise Line operations, and higher attendance in the company's Hong Kong parks. However, the outlook for the next quarter was lackluster, as the company expect
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Sec Filings
- 5/16/24 - Form PX14A6G
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- GOOG's page on the SEC website