Disney beats profit estimates on strong theme parks & streaming growth, announces TikTok partnership, shares rise 3.65%
· livemint.com
For the third quarter, Disney reported net profit of $2.6 billion, roughly half the level recorded a year earlier, when results were boosted by a significant one-time tax benefit
Walt Disney reported better-than-expected quarterly earnings on Wednesday, driven by solid performances from its theme park and streaming businesses despite ong...