Disney Plans to Reinstate Its Dividend and Cut 7,000 Jobs. The Stock Jumps.



Walt Disney


stock jumped on Wednesday after the entertainment giant topped earnings expectations, while also announcing it was planning to cut jobs and reinstate its its dividend.

Disney 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-51675811282?siteid=yhoof2&yptr=yahoo