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Disney, Meta Platforms, Lucid Motors, Roblox and more

CFO News Room

Disney — Shares of the media giant slid more than 11% after the company’s quarterly results missed Wall Street expectations on revenue and profit, as both its parks and media divisions underperformed estimates. AMC Entertainment — Shares dropped 9.8% billion in revenue, compared to forecasts for $1.71

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Tapestry, WeWork, Rivian and others

CFO News Room

Check out the companies making headlines before the bell: Tapestry (TPR) – The company behind the Coach and Kate Spade brands beat top and bottom line estimates for its latest quarter, but cut its full-year forecast for the impact of the strong U.S. in the premarket after it reported a wider-than-expected quarterly loss.

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Abercrombie & Fitch, Disney, Best Buy, Zoom and more

CFO News Room

Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street’s revenue forecasts for the third quarter and posted unexpected quarterly profit. Disney – The entertainment titan dropped 2.8% Dick’s raised its full-year financial forecast as well.

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Six Flags, Rivian, Bumble, Coinbase, Dutch Bros and more

CFO News Room

after the company reported a smaller-than-expected quarterly loss and said its production would remain on track despite supply chain snafus. Bumble – Shares of the company known for its dating platforms added 10% even after Bumble issued a weak current quarter revenue forecast and missed expectations. from 14.9%. Source link.

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Amazon Expects To Expend All Of Q2’s Profit Fighting COVID-19

PYMNTS

forecast pre-release. Still, that outcome marks the first time AWS has topped the $10 billion mark when it comes to revenue, pushed by the massive upswing in cloud service use as consumers have begun both working from home and netting most of their entertainment via the web. Amazon clocked in with earnings of $5.01 billion result.

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Highest Paid CFOs in the World in 2024

The Finance Weekly

With over two decades of experience in media and entertainment, Ianniello was among the key persons behind one of the world's largest media companies. Specifically, here are some key corporate matters the CFO is in charge of: Forecasting One key thing to note is that CFOs do more than just report the current situation.

CFO 97
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A Business Upended: Streaming disrupts the Entertainment Business!

Musings on Markets

The recent troubles in entertainment, though, reflect a longer term disruption that has occurred in the business, with the rise of streaming as an alternative to the traditional platforms for movies and television shows. With Apple TV+ and Amazon Prime, the game is even more difficult to gauge.