Disney stock rose after they beat on earnings per share. Chipotle also reported and beat on both revenue and earnings per share. Cheddar breaks down the earning reports from both companies.
Disney overall reported better-than-expected earnings but missed on revenue expectations. The company reported revenue of $15.35 billion versus the estimate of $15.55 billion. They did beat on earnings per share reporting $1.89 compared to $1.61. The company also anounced that ESPN Plus, their streaming service, will cost $4.99 a month.
Chipotle reported revenue of $1.32 billion versus estimates of $1.12 billion and earnings per share of $1.55 versus estimates of $1.32. This earnings beat came after the fast-casual chain increased menu prices.
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The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
