NEW YORK (CNN/Money) -
Disney Co. and Gap Inc. will lend a hand to Wall Street in Friday's early trading as shares of the two companies pointed to modest gains after reporting bullish earnings on Thursday.
Disney reported late Thursday a quarterly net profit that more than doubled on strong film and TV results, but a mixed bag of operating results tempered its otherwise bullish outlook.
The entertainment powerhouse also said it was on track to meet or beat Wall Street forecasts for 35-percent earnings-per share-growth for fiscal 2004, ending in September, based on gains in cable TV networks such as ESPN and a turnaround at its loss-making ABC network.
Shares of Disney (DIS: Research, Estimates) rose to $22.80 in after-hours trading on the earnings report, from a close at $22.68 in regular New York Stock Exchange trading.
Gap also posted a higher quarterly profit after the closing bell Thursday as a move to more broadly appealing clothes lifted sales and the retailer convinced analysts that its turnaround still has plenty of momentum.
The San Francisco-based retailer topped the toughest comparisons it had faced since its same-store sales turned upward last fall.
Gap (GPS: Research, Estimates) stock rose about 1 percent in after-hours trading from a regular close of $20.99.
In other after-hours trading Thursday, Dillard's (DDS: Research, Estimates) stock jumped more than 8 percent after the department store operator reported a wider quarterly loss but beat Wall Street's average forecast for a much larger loss.
Dillard's shares last traded at $15.70 after the bell, up from a close at $14.50 in regular NYSE trade.
Shares of TiVo (TIVO: Research, Estimates) traded lower despite the TV recording technology company's reporting a narrowed third-quarter loss, revenue that jumped on robust subscriber gains, and a forecast of rapid growth for next year.
TiVo's stock rose 49 cents, or 5.5 percent, to close at $9.38 during regular trading on Nasdaq but fell about 6 percent to $8.80 in after-hours trading.
There are no market-moving earnings due Friday and there are no economic reports scheduled.
-- Reuters contributed to the story
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