Stocks
Disney Surges Amid Profit Beat, AMD Slides After Weak Forecast
Shares of Disney (DIS) are rising as the company's fiscal third-quarter profit beat Wall Street estimates, driven by strong income from its entertainment division and resilient theme parks in California and Florida.
The semiconductor firm Advanced Micro Devices (AMD) saw its shares decline after underwhelming investors with second-quarter revenue and a lower-than-expected third-quarter sales forecast.
Shopify's (SHOP) second-quarter revenue exceeded analyst estimates, prompting President Harley Finkelstein to call it a 'monster quarter' for the company.