Shares in Disney are up more than 7 percent in premarket trading on Thursday, after the entertainment giant released blockbuster quarterly earnings and made a string of headline-grabbing announcements.
(Taylor Swift!
In short, the House of Mouse bolstered its case against the activist investor Nelson Peltz, who is seeking two board seats.
The question is whether that will be enough to definitively fend off the financier.
The company also broke with precedent by giving profit guidance, forecasting that its full-year per-share earnings would increase at least 20 percent compared with 2023.
Persons:
Taylor Swift, Nelson Peltz, Disney
Organizations:
Disney