Walt Disney Rose Over 2% in Premarket Trading After Its Cost Cuts Exceeded Targets but Quarterly Revenue Missed Estimate
$Walt Disney$ rose over 2% in premarket trading after its cost cuts exceeded targets but quarterly revenue missed estimate.It reported revenue of $22.33 billion for the quarter ended July 1, up 4% from a year ago but short of the Wall Street average estimate of $22.5 billion, according to Refinitiv data. It delivered per-share earnings of $1.03, when excluding certain items, beating Wall Street projections of 95 cents a share. It was not immediately clear if the adjusted profit figures were comp
Alibaba Rose Nearly 4% in Morning Trading As It Beat Quarterly Revenue Estimates
$Alibaba(BABA)$ rose nearly 4% in morning trading as it beat quarterly revenue estimates.It reported first-quarter revenue on Thursday that beat analysts' estimates as consumer sentiment improved from the same time a year earlier when there were strict pandemic-related lockdowns.
$Alibaba(BABA)$ has released its Q1 financial report for the 24th fiscal year, showing progress in open source and a comprehensive recovery in business while further improving profit margins. $Alibaba(09988)$ SummaryChina's e-commerce business has achieved double-digit growth after being quiet for five quarters, but profit margins have declined due to industry competition and downward CPI;International e-commerce achieved its highest growth rate ever at 43.8%, benefiting from cooperation with "One Belt, One Road" countries and the easing competition in Southeast Asian subsidiaries;The strong e-commerce business also led to Cainiao Logistics turning losses into profits;Local life and digital entertainment