Disney beats analyst expectations in second quarter

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Disney beats analyst expectations in second quarter

Disney reported fiscal second-quarter earnings on Tuesday that topped analysts estimates with streaming losses narrowing. Despite that, shares of the company sank 10%. First of all, Disney missed revenue estimates for a fourth consecutive quarter. But the company's total segment operating income jumped 17% as the company's entertainment streaming applications- Disney+ and Hulu turned a profit in the quarter for the first time.

May 8, 2024