Investing.com - Walt Disney (NYSE:DIS) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.61 on revenue of $14.92B. Analysts polled by Investing.com expected EPS of $1.57 on revenue of $14.48B. That compared to EPS of $1.84 on revenue of $14.55B in the same period a year earlier. The company had reported EPS of $1.84 on revenue of $15.3B in the previous quarter.
Walt Disney shares gained 2.16% to trade at $137.97 in after-hours trade following the report.
Walt Disney shares gained 2.16% to trade at $137.97 in after-hours trade following the report.
For the year, Walt Disney shares are up 23.16%, outperforming the S&P 500 which is up 16.27% year to date.
Walt Disney follows other major Services sector earnings this month
On Thursday, April 25, 2019, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.
Visa A earnings beat analyst's expectations on Wednesday, April 24, 2019, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B
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