Julie Morgan

Check out seekingalpha.com slash subscriptions.

I'm your host, Julie Morgan.

Go out and make it a great day.

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Thursday, the 9th of April.

I'm Julie Morgan.

Star Surgical Company is on our biggest movers list ahead of market open.

STAA is up 21% in pre-market action.

On Wednesday, Star said that it expects first quarter net sales to exceed $90 million, more than double from $42.6 million a year earlier.

The company said China accounted for the majority of the increase, while the Americas posted continued double-digit growth.

Starr added that improved sales and a lower cost structure are expected to lead to a significant improvement in adjusted EBITDA for the quarter.

The company noted that first quarter 2025 sales were impacted by minimal shipments to China as distributors reduced excess inventory, which it said has now returned to targeted levels.

Consensus revenue for Q1 is $67.59 million.

Starr said the figures are preliminary and unaudited, with full results to be reported in early May.

Disney is preparing to eliminate approximately 1,000 positions.

According to a Wall Street Journal report citing sources,

This is happening in the coming weeks as the new CEO begins a strategic reorganization.

The workforce reductions represents less than 1% of Disney's approximately 231,000 global staff.

The report added, citing people familiar with the matter,

It will primarily target the company's marketing department.