Loading...
Loading...
Shares of blue-chip entertainment conglomerate Walt Disney
DIS were trading a little less than 1 percent higher in Tuesday's after hours session in the wake of solid first-quarter results at the company.
Disney reported net income for the period was $1.38 billion or $0.77 per share, from $1.46 billion or $0.80 per share, in the year ago period.
Excluding special charges, earnings per share in the quarter were $0.79 versus $0.80 in last year's first-quarter. This beat analysts' consensus of $0.76 per share.
Revenue in the quarter rose to $11.34 billion from $10.78 billion in last year's corresponding period. This also beat analysts' consensus of $11.21 billion.
Investors are reacting favorably to the company's top-line growth, but the reaction in the stock is likely to be limited because of lower company-wide margins. Nevertheless, shares have been hot of late, rising around 8 percent in three-month's time.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in