Investing.com - Walt Disney (NYSE:DIS) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.84 on revenue of $15.3B. Analysts polled by Investing.com expected EPS of $1.54 on revenue of $15.07B. That compared to EPS of $1.89 on revenue of $15.35B in the same period a year earlier. The company had reported EPS of $1.48 on revenue of $14.31B in the previous quarter.
Walt Disney shares gained 1.35% to trade at $114.13 in after-hours trade following the report.
Walt Disney shares gained 1.35% to trade at $114.13 in after-hours trade following the report.
For the year, Walt Disney shares are up 2.7%, under-performing the Dow 30 which is up 10.2% year to date.
Walt Disney follows other major Services sector earnings this month
On Wednesday, January 30, 2019, Alibaba reported third quarter EPS of $12.19 on revenue of $117.28B, compared to forecasts of EPS of $10.72 on revenue of $79,858M.
Verizon earnings beat analyst's expectations on Tuesday, January 29, 2019, with fourth quarter EPS of $1.12 on revenue of $34.28B. Investing.com analysts expected EPS of $1.09 on revenue of $34.44B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar