India, Aug. 5 -- Walt Disney Co. reported Wednesday lower net profit in its second quarter hurt mainly by the absence of prior year's tax benefit, while pre-tax income climbed from last year on higher revenues. Further, the media and entertainment major maintained its outlook for fiscal 2026 and 2027, expecting higher earnings.
The company now targets at least $9 billion in share repurchases in fiscal 2026, compared to previous view of at least $8 billion.
In the early morning trading on the NYSE, the shares were gaining around 2.5 percent to trade at $100.59.
Looking ahead for the fourth quarter, the company projects total segment operating income of around $4.9 billion, including the impact of the 53rd week.
For fiscal 2026, the compa...