Disney Surpasses Wall Street Expectations with Strong Q1 Earnings
BURBANK, Calif. — The Walt Disney Company (DIS) reported impressive first-quarter fiscal earnings of $2.55 billion, surpassing analyst estimates.
Earnings per share reached $1.40, while adjusted earnings stood at $1.76 per share. Both figures exceeded the average analyst forecast of $1.44 per share provided by Zacks Investment Research.
Disney's revenue for the quarter totaled $24.69 billion, also outperforming Zacks' consensus estimate of $24.66 billion. Eight analysts surveyed by Zacks had predicted the revenue figure.
Strong performance across Disney's various segments, including its theme parks, media networks, and direct-to-consumer streaming services, contributed to the positive results.