Investing.com - Walt Disney (NYSE:DIS) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.35 on revenue of $20.25B. Analysts polled by Investing.com expected EPS of $1.72 on revenue of $21.46B. That compared to EPS of $1.87 on revenue of $15.23B in the same period a year earlier. The company had reported EPS of $1.61 on revenue of $14.92B in the previous quarter.
Walt Disney shares lost 4.82% to trade at $135.11 in after-hours trade following the report.
Walt Disney shares lost 4.82% to trade at $135.11 in after-hours trade following the report.
For the year, Walt Disney shares are up 29.46%, outperforming the S&P 500 which is up 16.35% year to date.
Walt Disney follows other major Services sector earnings this month
On Thursday, July 25, 2019, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Visa A earnings beat analyst's expectations on Wednesday, July 24, 2019, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
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