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.
Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections.
The Republican-controlled Federal Trade Commission is abandoning a Biden-era effort to block Microsoft’s purchase of “Call of Duty” video game maker Activision Blizzard.
The Justice Department has reached a deal with Boeing that will allow the company to avoid criminal prosecution for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people.
After a bumpy ride, the ride-hailing app is back in the good graces of investors. Plus: OpenAI, Google, Apple, Target, Moody's, Paramount, and Golden Dome.
