Walt Disney (NYSE:DIS)+6.9%; reported Q3 EPS of $1.09, $0.11 better than the analyst estimate of $0.98. Revenue for the quarter came in at $21.5 billion versus the consensus estimate of $20.99 billion. With 14.4 million Disney+ subscribers added in the fiscal third quarter, it now has 221 million total subscriptions.
After-Hours Movers: Disney, Sonos, Bumble, AppLovin, Dutch Bros And More
Keep cash & wait for recession.Inflation will not go down without recession happening. Not seeing product & produce price goes down, only go up. Consumers still buying even price goes higher.
US STOCKS-S&P 500 Ends near Two-Year Low as Bear Market Deepens
Micron Technology 5% HIGHER; reported second-quarter earnings per share of $2.14, versus the consensus of $1.97. Revenue was $7.79 billion versus the consensus of $7.53 billion. The company also issued higher-than-expected guidance.
The latest jobs report due out Friday comes as traders are braced for the likelihood that Fed officials may lean into higher borrowing costs more aggressively than anticipated after recent remarks from Fed Chair Jerome Powell indicating “ongoing rate increases will be appropriate” to lower inflation readings.
March Jobs Report, PCE Inflation, Consumer Confidence: What to Know This Week