Disney (NYSE:DIS) had Q1 2023 revenue of $23.51 billion, versus analyst expectations of $23.39 billion, Disney+ subscribers for Q1 2023 of $161.8 million versus 164 million expected, adjusted earnings per share for Q1 2023 of $0.99 versus analyst expectations of $0.74, and Q1 2023 revenue of $8.74 billion.
Fox Corp (NASDAQ:FOXA) will be more aggressive in looking for acquisition targets after deciding to cancel its proposed merger with News Corp Fox Corp (NASDAQ:FOXA) executive chairman and CEO Lacklan Murdoch said the media company would be more aggressive in looking for acquisition targets following its decision to cancel plans to remerge with News Corp. Lachlan Murdoch said on a conference call with Wall Street analysts to discuss Fox’s quarterly results, “We’re definitely looking at something.” M&A will be a more important part of our toolbox. He said Fox has about $4 billion in cash, making the company well-prepared to “seize opportunities as they arise.” ”
Tesla decided to increase the average weekly production of its Shanghai plant in February and March to nearly 20,000 units in order to meet higher market demand. (Reuters)
Costco Wholesale (NASDAQ:COST): Total same-store sales in January 2023 increased 5.6% year-over-year, compared with a 3.1% increase in market estimates.
On Wednesday, Rivian (NASDAQ:RIVN) announced a 6% layoff to all employees except “manufacturing jobs in Nomol,” and its CEO said “to achieve long-term goals, resources must be focused on improving and achieving profitability, while ensuring the right future products, services and technologies,” according to a memo. This is the second layoff last year by the electric car maker, involving about 800 employees. Before the latest layoffs, the company had about 14,000 employees worldwide. Following a wave of layoffs at tech companies last July, Rivian did a similar number of layoffs at the time.
Morgan Stanley maintained its overweight rating on Spotify Technology (NYSE:SPOT) while raising its price target to $130 from $105.
Morgan Stanley maintained its overweight rating on Spotify Technology (NYSE:SPOT) Read Post »
Wells Fargo Upgrades Spotify Technology (NYSE:SPOT) to Overweight From Equalweight, Adjusts Price Target to $180 From $121.
Wells Fargo Rised Spotify Technology (NYSE:SPOT) Price Target to $180 From $121 Read Post »
Spotify Technology (NYSE:SPOT) Raised to Overweight From Neutral by Atlantic Equities.
Spotify Technology (NYSE:SPOT) Raised to Overweight From Neutral by Atlantic Equities Read Post »
Truist: Raised Spotify (NYSE:SPOT) price target from $115 to $132.
Truist: Raised Spotify Technology (NYSE:SPOT) price target from $115 to $132 Read Post »
Barclays: First overweight rating for Autozone, Inc. (NYSE:AZO) with a $2663 price target.
Effective March 3, 2023, United will resume daily direct service between Hong Kong and San Francisco. The first flight from San Francisco to Hong Kong will depart on 3 March 2023 and the flight from Hong Kong to San Francisco will depart on 6 March 2023.
Delta Air Lines (NYSE:DAL): 5% pay rise for all employees.
Delta Air Lines (NYSE:DAL): 5% pay rise for all employees Read Post »