India, May 6 -- Walt Disney Co. reported Wednesday lower net profit in its second quarter, while segment operating income increased with higher revenues. Further, the media and entertainment major updated its fiscal 2026 outlook, and maintained fiscal 2027 earnings growth view. The company also said it is targeting at least $8 billion in share repurchases in fiscal 2026.
In pre-market activity, Disney shares were gaining around 5.8 percent to trade at $106.35, after closing Tuesday's regular trading 0.8 percent lower.
Looking ahead for the third quarter, Disney expects total segment operating income of approximately $5.3 billion.
For fiscal 2026, the company now projects adjusted earnings per share growth of around 16 percent including t...