Bullish
Disney's Q3 earnings beat expectations; stock rises 3.7% to $114.57.
In the past 24 hours, Disney's stock rose 3.7% to $114.57 following a strong fiscal third-quarter earnings report. The company reported earnings of $2.05 per share, surpassing the forecast of $1.86, and revenue increased by 6.8% to $25.2 billion. Management reiterated its guidance for double-digit earnings per share growth for the current fiscal year and fiscal 2027.
Key points
- Disney's Q3 earnings exceeded expectations, with earnings per share at $2.05 versus the forecasted $1.86, and revenue up 6.8% to $25.2 billion.
- Management maintains a positive outlook, forecasting double-digit earnings per share growth for the current fiscal year and fiscal 2027.
- Despite the positive earnings report, Disney's stock performance over the past year remains below the S&P 500 average.
Sources
AI-generated from public news sources. Not financial advice.
