Disney's 'Wuthering Heights' Opens at $34.8M; Q1 Revenue Tops $26B as Iger Exits
Disney's 'Wuthering Heights' drew $34.8 million in its opening weekend, driven by strong turnout from female moviegoers. In fiscal Q1 Disney reported $26 billion in revenue versus $25.7 billion estimates, saw shares dip on CEO Bob Iger's exit announcement and Citi's price target cut to $140.
1. Box Office Success of 'Wuthering Heights'
Disney's adaptation of 'Wuthering Heights' earned $34.8 million in its opening weekend, driven by strong turnout from female moviegoers and outperforming recent period releases in the studio's slate.
2. Fiscal Q1 Earnings and Leadership Change
In fiscal first quarter, Disney posted revenue of $26 billion, surpassing analyst estimates of $25.7 billion, while shares dipped following the announcement that CEO Bob Iger will step down after steering the company through major acquisitions.
3. Analyst Adjustments and Market Response
Citi lowered its price target on Disney shares from $145 to $140 while maintaining a buy rating, reflecting potential headwinds from the FuboTV acquisition, and shares have declined 5.7% year-to-date during broader market pressure.