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Disney gives investors years to cheer about [Yahoo! Finance]
Last netflix, inc. earnings: 4/21 04:00 pm
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US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
The company said that it has deep faith its investments in its massive park expansions, movie pipeline and even its linear television assets will pay off. Shares of Disney ( DIS ) are exploding higher – up 10% just after the market open Thursday. Net income shot up 74% in the quarter to $460 million, or 25 cents a share, bring its full fiscal year earnings in just shy of $5 billion. It said it expects adjusted EPS for the new fiscal year to rise in the high single digits, and double-digit adjusted EPS growth in fiscal 2026 and 2027, which runs through September of those years. It also signaled that it has turned the corner on the streaming business, which only reported its first profitable quarter in the period ending in June when the segment posted a narrow $47 million profit. Thursday it reported profits soared to $321 million in the most recent quarter, bringing full year profits there to $134 million, compared to the $2.6 billion loss the previous fiscal year. And it fore
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