Walt Disney rises on earnings

written by the Twitter blogger @fintwitnow

Walt Disney ‘s report will be a turnover for the company to prove it can deliver on the bullish thesis shared by many of its shareholders: a postpandemic theme parks recovery that boosts earnings today, alongside streaming-subscriber growth that promises recurring profits in the future.

Shares of Walt Disney Co. ends the trading session by +3.33% to $147.23 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.45% rising 1.45% to 4,587.18 and the Dow Jones Industrial Average DJIA, +0.86% rising 0.86% to 35,768.06. Walt Disney Co. closed $55.79 below its 52-week high ($203.02), which the company reached on March 8th.

The past few quarters have shown slowing streaming growth and parks still impacted by coronavirus variant waves, sending Disney’s stock falling. Wednesday is a chance to change the narrative.

Walt Disney rises on earningsPhoto: Twitter

written by the Twitter blogger @fintwitnow

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