Disney Beats Q2 EPS Estimates, Revenues Fall A Bit Short

Walt Disney Co DIS reported its second-quarter earnings report after Tuesday's market close.

Here are the main highlights:

• Disney reports Q2 Adj. EPS $1.50, beating estimates by $0.09
• Sales came in at $13.33 billion, missing estimates by $120 million
• Parks and Resorts revenues were up 9% year over year

“Disney delivered another quarter of double-digit EPS growth, driven by the strong performance of our Studio and Parks and Resorts,” Bob Iger, Chairman and Chief Executive Officer, said. “Our continued strong performance is a direct result of our proven strategic focus on great branded content, innovative technology and global growth. We’re pleased with our results in Q2 and remain confident in our ability to continue to deliver significant shareholder value over the long term.”

Shares of Disney were trading down about 2 percent at $109.85 in the after-hours session.