Earnings

Disney stock surges on streaming growth, guidance

Disney reported its fiscal fourth-quarter earnings Thursday, narrowly beating analyst estimates as streaming growth helped propel its entertainment segment. The streaming business' growth and profitability — combined with a blockbuster summer at the box office and further investments in the company's theme parks business — comes during a time of...

Earnings

Tencent posts better-than-expected 47% profit surge as games, AI tools shine

Chinese social media and gaming company Tencent on Wednesday reported better-than-expected profit in the third quarter ended Sept. 30, spurred by growth in games, advertising and cloud services. Tencent reported profit attributable to shareholders surged by 47% year-on-year to 53.23 billion yuan ($7.37 billion) in the third quarter, compared with...

Earnings

Affirm beats on top and bottom lines

Affirm, the provider of buy now, pay later loans, reported better-than-expected fiscal first-quarter results. Here is how the company did, compared to analysts' consensus estimates from LSEG. Loss per share: 31 cents adjusted vs. a loss of 35 cents expected Revenue: $698 million vs. $664 million expected Affirm reported gross merchandise volume,...