Walt Disney Co (NYSE:DIS) shares are trading lower by 1.85% to $90.06 Friday morning on continued volatility after the company reported better-than-expected third-quarter EPS results.
What Happened With Earnings?
In its third-quarter financial report, Disney disclosed revenue of $22.33 billion, indicating a 4% year-over-year increase. The reported revenue, however, fell short of the Street’s consensus estimate of $22.33 billion.
See Also: ‘See Reason For Owning Disney’: Analysts Assess DTC Growth And PENN Sports Betting Deal
The earnings per share for the same period amounted to $1.03, surpassing the Street’s consensus estimate of 97 cents per share.
The company reported operating income of $3.56 billion, which was flat on a year-over-year basis. Operating income was up 11% year-over-year for the company’s Parks segment and down 18% year-over-year for the Media segment…Read More
According to data from Benzinga Pro, Disney has a 52-week high of $126.48 and a 52-week low of $84.07.
