Walt Disney’s fiscal fourth-quarter adjusted earnings topped Wall Street forecasts. (Photo by PATRICK T. FALLON/AFP via Getty Images)
AFP via Getty Images
Stocks sank Thursday, ending winning streaks for the S&P 500 and Nasdaq Composite.
These stocks made moves Thursday:
Walt Disney
(DIS) reported fiscal fourth-quarter adjusted earnings of 82 cents a share, beating analysts’ estimates of 71 cents, as the entertainment giant’s streaming service,
Disney
+, added nearly seven million “core” subscribers in the period. Disney also announced a more ambitious cost-cutting plan, raising its annualized cost efficiencies target to $7.5 billion, up from a prior target of $5.5 billion. The stock rose 6.9%.
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