Disney Reports Better-Than-Expected Quarterly Profit

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Disney is reporting its latest quarterly results on the company too. Uh That's right, Duarte. So Disney announced quarterly profits yesterday that exceeded expectations and the growth was attributed in part to the continued popularity of its theme parks as well as ESPN Plus. Well, even though profits were rosy sales came up short due to a slump in ad revenue. Disney also said it will slash expenses by another $2 billion as it looks to make it streaming business profitable.