Disney stakes its claim in the upcoming Peltz board fight with an amazing quarter

The Disney+ website on a laptop in Brooklyn, New York, on July 18, 2022.

Gabby Jones | Bloomberg | Getty Images

Disney reported stronger-than-expected fiscal 2024 first-quarter earnings after the closing bell Wednesday as cost reductions across its many businesses boosted margins despite flat revenue. A strong profit forecast for the rest of fiscal 2024 and an upsized capital return program helped send shares up more than 6% higher in after-hours trading.

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