Investing.com - Walt Disney (NYSE:DIS) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Walt Disney announced earnings per share of $1.06 on revenue of $21.82B. Analysts polled by Investing.com anticipated EPS of $0.7319 on revenue of $20.27B.
Walt Disney shares are down 4% from the beginning of the year and are trading at $156.85 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 3.77% from the start of the year.
Walt Disney shares gained 6.48% in after-hours trade the report.
Walt Disney follows other major Communication Services sector earnings this month
Walt Disney's report follows an earnings beat by Alphabet C on Tuesday, February 1, 2022, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.8 on revenue of $72.27B.
Meta Platforms had missed expectations on Wednesday, February 2, 2022 with fourth quarter EPS of $3.67 on revenue of $33.67B, compared to forecast for EPS of $3.84 on revenue of $33.37B.
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