Disney’s Bob Iger says the company has turned a corner. The stock is shooting higher
CNN
Disney reported revenues of $23.5 billion – nearly in line with revenue from the same quarter last year and missing Wall Street’s expectations for the first quarter.
Disney has had a rough couple of years after CEO Bob Iger returned from a brief retirement. But the media veteran said Disney is finally on the path toward success again. The company surprised investors by announcing it would grow earnings per share by a whopping 20% this year, easily beating Wall Street analysts’ estimates. “Our strong performance this past quarter demonstrates we have turned the corner and entered a new era for our company, focused on fortifying ESPN for the future, building streaming into a profitable growth business, reinvigorating our film studios, and turbocharging growth in our parks and experiences,” Iger said in a statement. In addition to its sunny full-year forecast, Disney reported a beat on the bottom line with earnings-per-share of $1.04 for the first quarter compared to Wall Street’s estimate of $0.99, according to FactSet. However, Disney reported revenues of $23.5 billion for the quarter – nearly in line with revenue from the same quarter last year and missing Wall Street’s expectations for the first quarter. Disney’s stock shot up 7% in after-hours trading.
Former judges side with Anthropic and raise concerns about Pentagon’s use of supply chain risk label
Nearly 150 retired federal and state judges have filed an amicus brief on Tuesday supporting AI company Anthropic in its lawsuit against the Trump administration for designating it a “supply chain risk,” CNN has learned.
Attacks on commercial ships in the Middle East this month have all but closed the vital Strait of Hormuz to oil tankers. One of the few alternative routes for oil exports from the region goes through the Red Sea. But now even that lifeline is in danger.
When Mona Panjwani opened One40 Rooftop, a swanky restaurant in lower Manhattan last year, one of the biggest dilemmas besides the menu was choosing the reservation platform.
What could get more expensive because of the war in Iran?
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United Food and Commercial Union Local 7, the union representing the 3,800 striking workers, said that JBS failed to meet its demands during contract negotiations over higher wages, life-saving safety equipment and improved healthcare.
Every day brings a new complaint — or three — from the Trump administration about the American news media’s coverage of the Iran war.
Traffic through the strait, normally the conduit for a fifth of global oil output, has been severely curtailed since the start of the Iran conflict. But Iran itself is shipping oil through the waterway in almost the same volumes as before the war, earning the cash needed to sustain its economy and war effort.
How Anthropic may benefit from its fight with Trump
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When Melanie Galeaz posted a fan edit of “Heated Rivalry,” she didn’t know it would lead to her dream job.
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President Donald Trump’s attack dog atop the FCC, Brendan Carr, garnered lots of attention on Saturday for threatening the licenses of local broadcasters over news coverage he deemed to be “fake.”