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Disney rises after profit beat, AMD slips on softer forecast
Disney’s fiscal third-quarter profit beat estimates on strength in its entertainment division and resilient theme parks in California and Florida, while AMD’s second-quarter results and third-quarter sales outlook disappointed.
Yahoo Finance’s Stock Movers segment highlights a split in results-driven moves, with Disney shares rising after the company beat Wall Street profit expectations in its fiscal third quarter.
The gains were attributed to higher income from Disney’s entertainment division and theme parks that showed resilience in California and Florida, according to the segment.
On the other side, Advanced Micro Devices shares fell after its second-quarter revenue and third-quarter sales forecast underwhelmed investors who expected stronger performance amid rising demand.
Shopify also featured among the biggest movers, with shares jumping after its second-quarter revenue topped the average analyst estimate, and CEO Harley Finkelstein calling it a “monster quarter.”