Tech
Disney tops earnings forecasts with streaming gains, raises guidance
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Walt Disney posted better-than-expected quarterly results and raised its annual profit forecast on Wednesday, led by gains in streaming business, which is expected to be the centrepiece of its growth strategy in the coming years.
In the last 24 hours, the media and entertainment company entered two major deals with the National Football League and WWE as it readies its $29.99-per-month ESPN streaming service that will give viewers access to sporting events, including the NFL and National Basketball Association.
Adjusted earnings per share rose 16% from…
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