Disney has its 'mojo back' as Wall Street applauds cost cuts, free cash flow guidance
Disney reported strong fiscal fourth quarter earnings and raised its cost-cutting target by another $2 billion. Wall Street is taking notice.
Source: aol.com
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Disney stock gains 7% as cost-cutting target reaches $7.5 billion, subscribers surge
Disney's fiscal Q4 report marks the first time the media giant is delivering earnings under a new reporting structure that breaks out ESPN's financials.
Source: yahoo.com
Disney tops earnings forecasts as Iger sets 'building' phase
LOS ANGELES (Reuters) -Walt Disney exceeded Wall Street's earnings expectations on Wednesday as higher attendance at its Shanghai and Hong Kong theme parks offset a decline in advertising revenue at television network ABC. Shares of the entertainment company rose 3% in after-hours trading to $87.14, signaling investor confidence in Chief Executive Bob Iger's aggressive cost-cutting, the company's better-than-expected streaming subscriber gains and Iger's declaration that Disney had moved into a "building" phase again. For the fiscal fourth quarter ended Sept. 30...
Source: yahoo.com
Disney boss declares new era after job cuts
The entertainment giant has been under pressure as its traditional movie and film businesses decline.
Source: yahoo.com
Disney is in trouble. Bob Iger has 5 big problems to solve
The future dominance of Disney is uncertain amid an unprofitable streaming business, ongoing actors strike and questions about succession plans.
Source: yahoo.com