Investing.com - Walt Disney (NYSE:DIS) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Walt Disney announced earnings per share of $0.08 on revenue of $11.78B. Analysts polled by Investing.com anticipated EPS of $-0.61 on revenue of $12.44B.
Walt Disney shares are down 18% from the beginning of the year and are trading at $113.50 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.35% from the start of the year.
Walt Disney shares lost 3.36% in after-hours trade the report.
Walt Disney follows other major Services sector earnings this month
Walt Disney's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $10.3 on revenue of $88.91B, compared to forecasts EPS of $1.48 on revenue of $81.45B.
Visa A had beat expectations on Tuesday, July 28, 2020 with third quarter EPS of $1.06 on revenue of $4.84B, compared to forecast for EPS of $1.03 on revenue of $4.82B.
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