Disney Stock Surges as New CEO Raises Earnings Forecast
Disney's stock surged after the company beat earnings expectations and new CEO Josh D'Amaro outlined a growth strategy. D'Amaro raised the full-year adjusted earnings growth forecast to approximately 12% and announced plans to invest in content and technology.
Key facts
- Disney beat earnings expectations.
- Stock surged following the announcement.
- New CEO Josh D'Amaro outlined growth strategy.
- Full-year adjusted earnings growth forecast raised to about 12%.
- Plans to invest in content and technology.
Entities
Institutions
- Disney
Sources
- Quartz —