Disney Q2 Earnings Highlights: Parks Segment Up 110%, Disney+ Hits 137.7M Subs And More
Walt Disney Co (NYSE: DIS) reported second-quarter financial results after the market close Wednesday. Here are the key highlights.
Markets Close Turbulent Week On A Down Note
The S&P 500 traded lower in a roller coaster week on Wall Street as investors digested another Federal Reserve interest rate hike and a mixed batch of earnings reports.
Lantronix Raises FY22 Sales Guidance From $112.5M-$127.5M To $125M-$129M vs $122.4M Estimate, Narrows Adj. EPS Guidance From $0.32-$0.40 To $0.31-$0.37 vs $0.34 Estimate
Lantronix Sees FY22 EPS $0.32-$0.40 Vs. $0.38 Est., Sales $112.5M-$127.5M Vs. $118.5M Est.
Cannabis Movers & Shakers: MA Cannabis Commissioner Chair Resigns, Management Shake-Ups At The Source+, NatureTrak & Global Sciences
Steven Hoffman Steps Down As Chair Of Massachusetts Cannabis Commission
Steven Hoffman resigned from his position recently, reported NBC Boston.
The Nasdaq, S&P 500 And Dow Took A Big Dive In April
Markets finished off the month of April down big amid a mixed first-quarter earnings season. For the month, the Nasdaq fell 15%, the S&P 500 fell 10.2% and the Dow fell 6.4%.
Apple’s Q2 Exceeds Expectations Buoyed By Record Services Revenue, Authorizes $90B Stock Buyback
Apple, Inc. (NASDAQ: AAPL) delivered another strong quarter, just ahead of the intensification of supply chain issues due to COVID disruptions in China.
Facebook Parent’s Metaverse Division Loses Nearly $3B In Q1, But Mark Zuckerberg Wants To See It Through
Facebook parent Meta Platforms Inc (NASDAQ: FB) said in its first-quarter earnings report that its Facebook Reality Labs division incurred a loss of $2.96 billion in the period.
Markets Finish Marginally Higher As Earnings Reports Continue To Roll
U.S. indices traded slightly higher for the session as stocks rebounded following a sharp sell-off Tuesday amid continued concerns over the economic impacts of Fed rate hikes, the Russia-Ukraine conflict and recent earnings reports.
GM To Spend $2B On Self-Driving Startup Cruise This Year, Just A Permit Away From Charging Customers
General Motors Co (NYSE: GM) CFO Paul Jacobson said on Tuesday the company will spend about $2 billion on its self-driving taxi fleet Cruise this year.
Canopy Growth Announces Cost Reduction To Accelerate Profitability, Including Lay Offs
Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) announced that it is undertaking a series of initiatives, including layoffs, to reduce costs and drive efficiency in order to accelerate its path to profitability.