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DIS May 2024 160.000 put
| Previous close | 46.00 |
| Open | 46.00 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 160.00 |
| Expiry date | 2024-05-31 |
| Day's range | 46.00 - 46.00 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
Yahoo FinanceDisney says key part of streaming business was profitable for the first time
Disney will report its fiscal second quarter earnings before the bell on Tuesday. Here's what to expect.
- Reuters
REFILE-US STOCKS-Futures subdued as Walt Disney results fail to excite investors
Futures tracking U.S. stock indexes were largely muted after Walt Disney slipped following second-quarter results, while expectations of the Federal Reserve's interest rate cuts this year lent support to the market. Walt Disney fell 6.2% in premarket trading, as a surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office. "Going forward, we expect the market to turn its focus more on earnings as the volatility around interest rate expectations subsides."
Associated Press FinanceDisney's streaming business turns a profit in first financial report since challenge to Iger
The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year. While Disney said Tuesday that it foresees its overall streaming business softening in the current quarter due to its platform in India, Disney+Hotstar, it expects its combined streaming businesses to be profitable in the fourth quarter and to be a meaningful future growth driver for the company, with further improvements in profitability in fiscal 2025.
