1. Disney's earnings report showed $22.33 billion revenue, up 4%, slightly below the predicted $22.5 billion. However, Disney's shares still rose 4% in after-hours trading on August 9, 2023, closing at $91.76 on August 10, 2023, a 4.8% increase from the previous day.
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2. Baidu's revenue rose by 15% YoY on August 22, 2023, propelled by strong online marketing and operational improvements. The stock closed at $128.36, up 2.8% from the previous day, reflecting positive market response to their growth.
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3. Zoom exceeded expectations with a $1.14 billion revenue, surpassing the estimated $1.11 billion, and an adjusted EPS of $1.34, higher than the expected $1.05. After announcing earnings on August 22, 2023, Zoom's shares surged 3.5% in pre-market trading but later declined by up to 6%, closing at $65.83.
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