Disney profit beats forecasts as streaming plans expand
Disney's third-quarter profit exceeded Wall Street estimates, driven by theme parks and box office hits, while the company explores a free streaming tier to attract more viewers.
Equity markets, earnings and listings.
Disney's third-quarter profit exceeded Wall Street estimates, driven by theme parks and box office hits, while the company explores a free streaming tier to attract more viewers.
SK Hynix shares advanced after overnight gains in US chipmakers and reports of a potential shareholder return plan.
The S&P 500 closed at a record high for the 25th time this year after a 42-day streak without a new peak.
Novo Nordisk raised its full-year guidance for obesity and diabetes drugs but its US shares declined after the Wegovy weight-loss pill's sales did not meet analyst expectations.
SpaceX reported $7.8 billion in quarterly revenue, a 92% increase, but posted a $541 million net loss in its first earnings report since going public in June.
Palantir reported second-quarter profit of $1 billion and raised revenue guidance after commercial AI demand surged nearly 150%.
A potential $400bn merger between AstraZeneca and Bristol-Myers Squibb would create the world's fourth-largest drugmaker but faces investor skepticism.
Amazon's stock reached a record high Monday, pushing its market capitalization past $3 trillion following strong earnings and cloud revenue growth.
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