Lates News

Disney (DIS.N) reported lower sales than Wall Street expected and said a series of high-budget films, including a new "Avatar" movie, will drag down its performance in the first quarter of its new fiscal year. Disney said on Thursday that revenue for the fourth quarter ending September 27 was virtually unchanged at $22.5 billion, below analysts' average expectations of $22.8 billion. Earnings per share for the quarter were $1.11, exceeding the expected $1.07 after excluding certain items. Nonetheless, Disney forecast double-digit earnings growth for fiscal year 2026, with the increase focused on the second half of the year. The company plans to buy back $7 billion in stock in fiscal year 2026, double that of fiscal year 2025, and has raised its semi-annual dividend to 75 cents per share.