What's moving markets today: Live updates - CNN

Disney (DIS) shares are set to rise slightly after it announced earnings that beat expectations after markets closed on Wednesday.

Revenue rose to $14.9 billion, a 3% increase compared to a year earlier.

The company's parks, experiences, products division led the way with $6.2 billion in revenue.

The film unit took a 15% hit compared to a year prior, falling to $2.1 billion.

But missing from Disney's second quarter this fiscal year are blockbuster hits like "Black Panther," and "Star Wars: The Last Jedi," which opened over the holidays. "Avengers: Endgame's" massive windfall also came after the second quarter closed.

The latest figures do include returns from "Captain Marvel," another film in that franchise that has made more than $1.1 billion at the global box office since March.

We're very pleased with our Q2 results," Disney CEO Bob Iger said.

Read our full earnings recap here.

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https://www.cnn.com/business/live-news/stock-market-news-today-050919/index.html

2019-05-09 11:13:00Z
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