Disney will release its fiscal third-quarter earnings before the bell on Wednesday, with Wall Street expecting earnings per share of $1.86 and revenue of $25.4 billion. Investors will closely watch updates on CEO Josh D'Amaro's strategy, especially regarding streaming services like Disney+ and ESPN, as well as the performance of theme parks amid economic challenges such as rising oil prices and geopolitical tensions. The company has recently undergone layoffs and cost-cutting measures, and the earnings report will provide insight into how these and current macroeconomic conditions are impacting Disney's business segments.
Wall Street is expected to start August mostly higher with Dow Jones futures up 1% and S&P 500 gaining 0.5%, while Nasdaq futures remain flat following a recent tech rebound. Last month, technology stocks struggled, notably the Philadelphia Semicondu...
Amazon Prime Video is shutting down its 'Prime' free ad-supported streaming TV (FAST) channel in Germany and Austria after just 15 months, highlighting challenges in this streaming model. Instead of continuing with curated FAST channels, Prime Video ...
