Bullish
Disney's Q3 Earnings Beat Expectations; Stock Up 3.7%
In the past 24 hours, Disney's stock (DIS) rose 3.7% following a strong fiscal third-quarter earnings report. The company reported earnings of $2.05 per share, surpassing the forecasted $1.86, and achieved a 6.8% revenue growth to $25.2 billion, slightly below analysts' expectations of $25.4 billion. Management reaffirmed its guidance for double-digit earnings per share growth for the current fiscal year and fiscal 2027.
Key points
- Disney's fiscal Q3 earnings exceeded expectations, with earnings per share at $2.05 versus the forecasted $1.86.
- Revenue grew by 6.8% to $25.2 billion, slightly missing analysts' estimate of $25.4 billion.
- Management maintained its guidance for double-digit earnings per share growth for both the current fiscal year and fiscal 2027.
Sources
AI-generated from public news sources. Not financial advice.
