CVS Health Corp. (NYSE: CVS) stock fell Wednesday despite the company reporting second-quarter results that exceeded Wall Street expectations and raising its full-year adjusted earnings outlook. According to Benzinga Pro, the stock may be seeing profit-taking after rallying nearly 60% since the end of the first quarter.CVS reported adjusted earnings of $2.58 per share, topping the analyst consensus estimate of $1.85. Revenue increased 7.3% year over year to $106.10 bil...
Media giant The Walt Disney Company (NYSE: DIS) reported mixed third-quarter financial results Wednesday morning that have shares trading higher. Among the highlights from the financials was a $100 million tariff refund in the quarter.
Blockbuster movie "Toy Story 5" was one of the biggest highlights for Disney's third quarter, as was the experiences segment that posted 10% year-over-year revenue growth to $9.97 billion.
Disney also announced it received a $100 million tariff refund in the quarter for its Disney Experiences segment. The tariff refund hit the segment's operating income in the quarter, with no impact on revenue, Chief Financial Officer Hugh Johnston said on the conference call.
"There'll be a smaller benefit, if one at all, in Q4, and the full-year impact will really be immaterial because the costs associated with those tariffs were actually in 1H26," Johnston said. "So it really nets to basically nothing for the year."
Johnston followed up with similar comments for an analyst question on the conference call when asked if the tariff refund helped with higher earnings per share guidance.
"Tariffs really have nothing to do wit it. Everything that's happened in tariffs, the tariffs we paid were in the first two quarters of this year and the refund was in the third quarter."
The Disney CFO added that any refund in the fourth qua...
