Walt Disney Earnings: Here’s Why Investors are Not Happy Now
Walt Disney Co. (NYSE:DIS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.18%.
Walt Disney Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 36.21% to $0.79 in the quarter versus EPS of $0.58 in the year-earlier quarter.
Revenue: Rose 9.61% to $10.55 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Walt Disney Co. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $10.48 billion.
Quoting Management: “With adjusted earnings per share up 36% over last year, we’re obviously pleased with our second quarter,” said Robert A. Iger, Chairman and CEO, The Walt Disney Company. “Our results reflect our successful strategy, the strength of our brands and the value of our high-quality creative content, all of which continue to drive long-term growth and shareholder value.”
Key Stats (on next page)…