Walt Disney
stock jumped after the entertainment company topped earnings expectations, while also announcing it was planning to cut jobs and reinstate its its dividend.
Disney (ticker: DIS) reported non-GAAP earnings of 99 cents a share, ahead of estimates of 78 cents a share, according to FactSet. Sales of $23.51 billion was a touch above estimates of $23.45 billion.
Source: https://www.barrons.com/articles/walt-disney-earnings-stock-price-job-cuts-dividend-51675811282?siteid=yhoof2&yptr=yahoo