Walt Disney shares gain 6% on earnings growth
2023.02.09 01:01
Walt Disney shares gain 6% on earnings growth
By Ray Johnson
Budrigannews.com – After major benchmark averages closed lower on Wednesday, investors were keeping an eye on a fresh avalanche of earnings results, and U.S. stock futures were trading slightly higher during the evening deals.
By 6:40 p.m. ET (11:40 p.m. GMT), they each increased by 1% while remaining unchanged.
Walt Disney (NYSE:) has extended deals that added 5.8% following the company’s $0.99 EPS in its first quarter, which beat expectations of $0.79, and revenues of $23.51 billion, compared to Mattel’s $23.43 billion. dipped 12.2% following Q4 EPS of $0.18, down from $0.29, on revenues of $1.4 billion, down from $1.69 billion.
NASDAQ: Robinhood after Q4 losses of $0.11 per share, up 5.9% from the expected $0.15, and revenue of $380 million compared to $394.33 million.
AppLovin Corporation soared 27.2% following fourth-quarter losses of $0.21, which were lower than anticipated earnings of $0.05 per share. Rather than the anticipated $691.48 million, revenue was reported at $702 million.
NASDAQ: Affirm Holdings Inc. sank 19.8% following the company’s $1.10 loss per share in the second quarter, compared to the $1.00 loss that was anticipated. Compared to the $416.49 million that was anticipated, revenue was $400 million.
Investors will be watching weekly data and a new batch of earnings reports from businesses like Hilton Worldwide Holdings Inc. (NYSE:) ahead of Thursday’s trade. NASDAQ: PepsiCo Inc. as well as Kellogg Company (NYSE:
The lost 207.7 points, or 0.6%, to 33,949 in the regular trade on Wednesday, 46.1 points, or 1.1%, to 4,117.9, and 203.3 points, or 1.7%, to 11,910.5.
Rates on the bond market were at 3.615 percent.
