Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger's turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year. Revenue in the fiscal fourth quarter totaled $22.57 billion, topping...
Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose...
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's chief financial officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably...
Baupost's Seth Klarman took a sizable stake in discount store Dollar General last quarter, while exiting Michael Kors-owner Capri before its megadeal to merge with Tapestry was blocked by regulators. The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding...
A customer shops in the ready to eat meals aisle of a grocery store on October 17, 2024 in Miami, Florida. Joe Raedle | Getty ImagesWholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December,...
Check out the companies making headlines before the bell. Disney – Shares popped more than 9% after the company's fiscal fourth-quarter results beat analysts' estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That's above earnings of $1.10 per share on...
Disney is back. After several...
Check out the companies making...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Check out the companies making headlines in midday trading. Spotify — Shares rallied more than 10% Tuesday after the company posted a surprise profit in the third quarter, its first quarterly profit in more than a year. The company cited cost-cutting measures, including lower market spend and layoffs, as...
DETROIT – The United Auto Workers expanded its strikes against General Motors to a highly profitable full-size SUV plant in Texas, the union said Tuesday.The strike escalation includes roughly 5,000 workers at GM's Arlington Assembly plant, which produces the Cadillac Escalade and Escalade ESV, GMC Yukon and Yukon XL,...
Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC's Leslie Picker in Bozeman, MT on Aug. 2nd, 2023.CNBCJPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly considering the poor recent track record of central banks like the Federal...
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023.Daniel Slim | Afp | Getty ImagesEven for budget carriers, earning elite status is now all about how much you spend.Frontier Airlines on Tuesday joined larger airlines in announcing an overhaul...
