Closing Bell Overtime: Red Hot Rally 8/10/22
Closing Bell
00:00
Disney Earnings Are Out
Mike dise: Disney beating expectations on the top and bottom line with better than expected, 26 % revenue growth to 21 and a half billion dollars. adjusted earnings of a dollar and nine cents topping estimates of 96 cents per share. The mediaand entertainment division did fall short of expectations with a larger than expected billion dollar loss at the direct consumer division. But the streaming numbers surpassed expectations by adding 14 point four million streaming subs in the quarter compared to the ten million that analast had anticipated.
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