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(Bloomberg) Walt Disney Co. reported better-than-expected earnings for its fiscal first quarter and issued an upbeat profit outlook for the year, citing cost-cutting benefits and the strong performance of its international theme parks.Most Read from BloombergTesla Asks Which Jobs Are Critical, Stoking Layoff FearsCitadel Among Hedge Funds That Got Morgan Stanley’s Block-Trading LeaksHaley Loses Nevada Primary to ‘None of These Candidates’ OptionChina Replaces Top Markets Regulator as Xi Tries
Walt Disney Co. reported better-than-expected earnings for its fiscal first quarter and issued an upbeat profit outlook for the year, citing cost-cutting benefits and the strong performance of its international theme parks.
Walt Disney Co (NYSE:DIS) shares are trading higher Thursday after the company reported fiscal first-quarter results and announced a new partnership. Multiple analysts also adjusted ratings and price targets on the stock.