Chipotle and Disney Among Key Stocks Lifting Investor Earnings Spirits
Walt Disney Co. (NYSE:DIS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -5.74% to $1.38 billion (79 cents per diluted share) in the quarter versus a net gain of $1.46 billion in the year-earlier quarter. Revenue rose 5.2% to $11.34 billion from the year-earlier quarter.
Walt Disney Co. reported adjusted net income of 79 cents per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $11.21 billion.