Stock Movers Disney's Earnings Beat; Uber in Decline; AMD Pops
May 7, 2025
Disney shares soared as they raised profit forecasts, driven by booming theme park and streaming success. Meanwhile, Uber faces challenges with disappointing gross bookings, despite a positive earnings surprise. Advanced Micro Devices reported better-than-expected results but warned of a significant annual hit from export controls. Super Micro Computer struggled with a weak sales forecast, leading to a sharp stock decline. It's a mixed bag of fortunes in the market!
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Disney's Profit Boost Factors
- Disney raised its profit forecast thanks to strong performances in theme parks and streaming TV.
- Price increases on Disney Plus and Hulu also contributed to revenue growth despite slight decline in ESPN's sports programming.
Uber's Mixed Business Impact
- Uber missed gross bookings estimates due to slow rideshare growth and a strong U.S. dollar impact.
- Delivery business performed better, but rideshare remains key to Uber's profitability.
Chipmakers Face Export Challenges
- AMD beat Q1 earnings but expects a $1.5 billion revenue hit from U.S. export controls to China.
- Super Micro Computer cut sales outlook due to delayed customer purchases favoring NVIDIA's higher-powered GPUs.