Disney: Investors will be focused on growth in the company’s streaming business and will be keen to hear updates on its plan to create a sports content venture with Fox and Warner Bros Discovery. The entertainment group is expected to report a 22 per cent year-on-year increase in net income to $1.55bn on revenue that is forecast to creep 1 per cent higher to $22.1bn.
Reddit: The social media group will report earnings for the first time as a public company, less than two months after its market debut in March. Reddit, which is trading about 40 per cent above its opening initial public offering price, is expected to report a net loss of about $610mn on $213mn in revenue.
Other earnings: Boeing supplier Spirit Aerosystems, a former unit of the aircraft maker that is also the subject of a takeover by its one-time parent company, is set to report results this morning. Kenvue, the Johnson & Johnson spin-off, also reports earnings before the opening bell. McKesson and Occidental Petroleum report results after the market closes.
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