“Creativity is very much back” at Disney, thanks to sequels
Disney’s chief financial officer says “creativity is very much back on track for Disney,” which beat earnings expectations thanks in part to... a bunch of sequels, including “Inside Out 2” and Marvel’s “Deadpool & Wolverine.” The company is also expecting a strong holiday season with the release of other sequels, “Moana 2” and “Mufasa: The Lion King.” The company was the best S&P 500 component in the premarket session as of 8:45 a.m. ET, up 8.6%.
A much brighter outlook for the year ahead — management expects “high single-digit” earnings growth, while Wall Street thought that number would be 4% — is fueling the surge in the share price.
“Our renewed creative strength is a result of the extensive work we began two years ago to restore creativity to the center of the company,” read prepared remarks by the CFO and CEO.
A much brighter outlook for the year ahead — management expects “high single-digit” earnings growth, while Wall Street thought that number would be 4% — is fueling the surge in the share price.
“Our renewed creative strength is a result of the extensive work we began two years ago to restore creativity to the center of the company,” read prepared remarks by the CFO and CEO.
