Latest in Wall Street

The multi-hour streaming presentation by ViacomCBS on Wednesday about its soon-to-be-rebranded streaming service Paramount+ has not proven to be a short-term tonic for the company’s stock price. Shares dropped 5% today to close at $62.50, on above-average trading volume. The stock has surged more than 70% in 2021 to…

UPDATED with closing price, more analyst comments. Disney stock, which ran up to an all-time record in advance of Thursday’s quarterly earnings report, slid 2% today even as many analysts expressed upbeat views on the media giant’s prospects. The company’s fiscal first quarter results exceeded analysts’ expectations…

Apple roared past Wall Street estimates for the holiday 2020 quarter, riding sales of new iPhones to total revenue of $111.4 billion, up 21% from the same period in 2019. Earnings per share in the fiscal first quarter, which ended December 26, came in at $1.68, up 35% from the year-ago frame. International sales…

Facebook reported strong fourth-quarter financials but spooked markets a bit by warning of advertising headwinds this year — some created by Apple as it mulls stricter privacy controls that could eat into Facebook ad sales. Revenue was $28.1 billion, up 33%. Net profit hit $11.2 billion, or $3.94 a share, up 53%…

UPDATED with broader market movement, closing prices. Shares of AMC Entertainment have skyrocketed 301% on a wild trading day, recovering to levels not seen since long before the coronavirus pandemic. Broader stocks plunged in one of the market's worst sessions in months as mixed earnings and frenzied trading sparked…

Despite the industry dust-up over WarnerMedia’s controversial 2021 theatrical-HBO Max release strategy, according to AT&T CEO John Stankey, the move was “the right call,” essentially “using the unfortunate set of circumstances around the pandemic for an opportunity to make lemonade out of lemons.” When asked this…

AT&T said the number of activated subscriptions to streaming service HBO Max doubled in the fourth quarter to 17.2 million compared with the third quarter, partly due to the release of Wonder Woman 1984. The number of overall domestic subscriptions to both regular HBO and HBO Max reached 41.5 million, which the…

UPDATED with closing price. After Netflix reported better-than-expected subscriber growth and marked a key financial milestone, the company’s shares surged 17% amid a wave of euphoric sentiment from Wall Street analysts. Upgrades and increased price targets rained down on Netflix after Tuesday evening’s financial…

UPDATED with closing price. Discovery’s stock stagnated Thursday despite gains in the broader markets after the company’s streaming pitch left Wall Street with plenty of questions about the company’s strategic direction. Shares in the company got a small bounce after the three-hour presentation surrounding Discovery+…

Disney shares cooled off after a hot start to the week, dipping about 1.6% today to close the trading session at $149.08. Even with the slight retreat, though, the stock has fully recovered to pre-Covid-19 levels in a remarkable comeback that has a chance of continuing through the holiday season. The eyes of Wall Stree…

Shares in major exhibitor Cinemark, along with most movie theater stocks, are rising today as Wall Street salutes another milestone release window agreement. Universal and Cinemark announced a windows deal late Monday that shares a lot of traits with AMC’s breakthrough pact with the same studio earlier this year. It…

UPDATED with closing stock price. A number of Wall Street analysts have increased their price targets for Disney’s stock after the media giant reported better-than-expected quarterly earnings and outlined its streaming-focused future. Shares closed Friday at $138.41, up more than 2% on twice the normal trading volume…