Disney parks thrive in second quarter and company adds 1.4 million new streaming subscribers

News Snapshot:

Disney posted solid profits and revenue in the second quarter as its domestic theme parks thrived and the company added well over a million subscribers to its streaming service. The company also boosted its profit expectations for the year, sending shares up 11% Wednesday. Disney also announced that it will build a seventh theme park in Abu Dhabi. For the three months ended March 30, Disney earned $3.28 billion, or $1.81 per share. The Burbank, California, company lost $20 million, or a penny per share, a year earlier. Removing one time charges or benefits, earnings were $1.45 per share, easily...