On CNBC’s "Halftime Report Final Trades," Josh Brown of Ritholtz Wealth Management said The Walt Disney Company DIS is breaking out into the earnings.
The entertainment conglomerate is expected to release earnings results for its first quarter after the closing bell on Feb. 7, 2024.
Analysts expect Disney to report quarterly earnings at 99 cents per share, compared to 99 cents per share in the year-ago period. The company is projected to post revenue of $23.69 billion for the quarter.
ESPN, a Walt Disney subsidiary, is teaming up with Warner Bros. Discovery Inc WBD and Fox Corp FOXFOXA to launch a joint sports streaming service in the fall.
Shannon Saccocia of Boston Private named iShares S&P GSCI Commodity-Indexed Trust GSG as her final trade.
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Jim Lebenthal of Cerity Partners picked The Walt Disney Company DIS.
Stephanie Link of Hightower named Apple Inc. AAPL.
Apple reported better-than-expected earnings and revenue for its first quarter. The iPhone maker reported first-quarter earnings per share of $2.18 and revenue of $119.6 billion, thanks to record Services revenue and iPhone revenue. However, the company reported a revenue decline in China.
Price Action:
- Disney shares gained 2.7% to close at $99.29 on Tuesday.
- iShares S&P GSCI Commodity-Indexed Trust gained 0.6% during Tuesday’s session.
- Shares of Apple gained 0.9% to settle at $189.30 on Tuesday.
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