<p class = "canvas-atom canvas text Mb (1

Scenes of the Millennium Falcon at Black Spire Outpost during a sneak peek for invited guests from Star Wars: Galaxy Edge Attraction at Disney's Hollywood Studios in Lake Buena Vista, Fla. . (Joe Burbank / Orlando Sentinel / Tribune News Service via Getty Images)
<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" Our solid results in the fourth quarter reflect the ongoing strength of our brands and businesses, "said Disney CEO Bob Iger & nbsp; in a statement. & nbsp;" We has spent the last few years completely transforming The Walt Disney Company to focus the resources and tremendous creativity across the company on delivering an extraordinary direct-to-consumer experience, and we are excited for the launch of Disney + November 12. "" Data-reactid = "28"> "Our solid results in the fourth quarter reflect the ongoing strength of our brands and businesses," Disney CEO Bob Iger said in a statement. "We have spent the last few years completely transforming The Walt Disney Company to focus the resources and tremendous creativity across the company on delivering an extraordinary direct-to-consumer experience, and we are excited for the launch of Disney + November 12. ”
Disney's revenues in the Media Networks segment jumped 22% year-on-year to $ 6.5 billion, while Parks revenue increased 8% to $ 6.66 billion, and Studio Entertainment segment revenue increased 52% to 3 $ 31 billion.
Meanwhile, Disney's operating deficits direct to consumer and international, which includes Disney +, were narrower than expected to $ 740 million. Analysts expected $ 811.1 million operating deficits during the quarter
Shares rose more than 3.5% of earnings in the after-hours session.
Gap CEO resigns
Yet another CEO is on his way to the exit, Gap announced Thursday night, current CEO Art Peck will step down from his role after a brief transition period. Robert Fisher, Gap's current non-executive chairman, will serve as interim president and CEO, effective immediately.
"On behalf of the entire board, I would like to thank Art for his many contributions to Gap Inc., which spans nearly 15 years of career with the company," Fisher said in a statement. "During Art & # 39; s term as CEO Director, we have made progress in investing in capabilities that are good for the future, such as expanding the omni-channel customer experience and building our digital capabilities. "
Gap has been under considerable pressure as sales at the company continue to struggle. also gave poor forecast. The news sent shares plunging 10% in the after-hours session on Thursday.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" – "data-reactid =" 36 "> –
<p class =" canvas-atom canvas-text Mb (1.0em) Mb ( 0) – sm Mt (0.8em) – sm "type =" text "content =" Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung . "data-reactid =" 37 "> Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung [19659016].
<p class =" canvas-atom canvas- text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" More from Heidi: "data-reactid =" 38 "> More from Heidi:
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = " Find stock quotes and the latest business and financial news "data-reactid =" 43 "> Find stock quotes and the latest business and financial news
<p class =" canvas-atom canvas-text Mb (1.0em) Mb ( 0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn [19659016] and reddit [19659016]. "data-reactid =" 44 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit