Radar Movers: Disney Surprises with Earnings and Star Wars, HP Break-Up Rumors
Shares of Disney (NYSE:DIS) jumped more than 1.6 percent in late afternoon trading after announcing quarterly financial results. For the fiscal first quarter, net income excluding items came in at 79 cents per share, topping estimates of 76 cents per share. Revenue increased 5 percent from the prior year to $11.34 billion. While speaking to CNBC, CEO Bob Iger revealed that Disney is working on stand-alone Star Wars films, in addition to Episode 7, 8 and 9.