Investing.com – Walt Disney (NYSE) shares increased higher in after-hours trading reportedly reported first-quarter that beat analysts' expectations and revenue to forecast forecasts despite the absence of a major blockbuster movie
The component reported earnings per share of $ 1.84 on revenue or $ 15.3 billion. Analysts polled by Investing.com forecast EPS or $ 1
Walt Disney shares gained 1.7% to trade at $ 114.55 postmarket following the report, from a regular close of $ 112.61. The stock is up 2.75% on the year, but barely, while the Dow is up nearly 9%.
Many analysts feared the worst of Disney's results because of the lack of a big movie release in the holiday season. In the year-ago quarter, Disney had released "Star Wars: The Last Jedi and" Thor: Ragnorak. "This year, the movies were" Mary Poppins Returns, "" The Nutcracker, "and" The Four Realms. " Disney was helped by decent performances from its media businesses, including cable and broadcast, and its parks, experiences and consumer products.
Analysts have suggested the blockbuster films this summer will help