Disney Tops Quarterly Profits and Income Expectations at Investing.com
© Reuters. Investing.com – Walt Disney (NYSE 🙂 reported fiscal second quarter that beat analysts' expectations after Wednesday's. The results were helped by strength in their theme park activities and an increase in direct consumer income.
The company reported earnings per share of $ 1.61 on revenue of $ 14.92 billion. Analysts asked by Investing.com forecast EPS of $ 1[ads1].57 on revenue of $ 14.48 billion.
The theme park revenue increased by 5% to $ 6.2 billion. Operating revenues in this segment increased by 15% to $ 1.5 billion.
Direct Income and International Revenue – a segment that includes streaming services such as ESPN + and Hulu – rose 15% from the previous year to $ 955 million, although
Walt Disney shares initially achieved more than 1 % in the post-trade after the report.
The stock has jumped sharply since the company released details in April of the Disney + streaming service, which launches later this year. Stocks have risen more than 17% in the past month.
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