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Trending: Disney Streaming Business Swings to 4Q Profit

Dow Jones11-15

 

14:33 ET -- Walt Disney Co. is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. The entertainment company's streaming business swung to a strong profit in its fiscal fourth quarter. Total company revenue rose to $22.57 billion, up 6% from a year earlier and roughly in line with analyst expectations, while net income climbed 74% to $460 million. Disney posted adjusted earnings of $1.14 a share, above analysts expectations for $1.11 a share, and forecast adjusted earnings per share growth in the high single-digit percentage range for fiscal 2025. Dow Jones & Co. owns Factiva. (jennifer.tershak@wsj.com)

 

(END) Dow Jones Newswires

November 14, 2024 14:36 ET (19:36 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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