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Walt Disney Q1 Results Beat Wall Street Estimates

Walt Disney Q1 Results Beat Wall Street Estimates
BURBANK (dpa-AFX) - Walt Disney Co. (DIS) Thursday reported a surprise profit for the first quarter, as subscribers for its streaming content surged. The media and entertainment giant s earnings and revenues easily trumped Wall Street estimates.
Burbank, California-based Disney reported a first-quarter profit of $17 million or $0.01 per share, compared with last year s profit of $2.11 billion or $1.16 per share.
Adjusted earnings for the quarter were $0.32 per share, down from $1.53 per share last year. On average, 24 analysts polled by Thomson Reuters estimated a loss of $0.41 per share.
Revenues for the quarter slipped 22% to $16.25 billion from last year s $20.88 billion last year. Analysts had a consensus revenue estimate of $15.93 billion. ....

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Disney results beat expectations as streaming offsets park struggles

4 Min Read
(Reuters) - Walt Disney Co swung to a surprise quarterly profit on Thursday, as “The Mandalorian” and “Soul” lifted its fast-growing streaming business, outweighing pandemic worries about its hobbled theme park operations.
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Investors overlooked a 53% decline in park revenue in the quarter and welcomed Disney+ streaming reaching 94.9 million subscribers. Shares rose 3.1% to $194 after they closed at an all-time high in regular trade.
The “Star Wars”-inspired “Mandalorian” series and Pixar’s animated “Soul” movie helped position the year-old Disney+ as a credible threat to the dominance of Netflix Inc in the streaming video wars.
Including Hulu and ESPN+, Disney’s paid streaming membership topped 146 million. ....

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The Walt Disney Co Q1 adjusted earnings Beat Estimates

BURBANK (dpa-AFX) - The Walt Disney Co (DIS) announced earnings for first quarter that decreased from last year.The company's earnings totaled $0.02 billion, or $0.01 per share. This compares ....

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Preview: With Disney shares near record high, investors eye streaming update

Walt Disney Co, which wowed investors in December with ambitious streaming TV plans, will update Wall Street on Thursday about its digital subscriber membership and the future of its pandemic-hobbled theme parks. ....

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Domestic and farm workers get double-digit pay rises from March 1

While the national minimum wage increase is about 4.5%, some sectors are getting more than three times that, sparking opposition from employers ....

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