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© Reuters.
Investing.com – Walt Disney (NYSE 🙂 announced a second fiscal quarter that exceeded analysts' expectations after Wednesday's bell. The results were helped by the strength of its theme park business and an increase in direct consumer revenues.
The company announced earnings per share of $ 1.61 on a turnover of $ 14.92 billion. Analysts surveyed by Investing.com expect EPS of 1.57 USD on a turnover of 14.48 billion USD.
Theme park revenues increased 5% to $ 6.2 billion. Operating income in this segment increased 15% to $ 1.5 billion.
Direct consumer and international revenues – a segment that includes streaming services such as ESPN + and Hulu – grew by 15% over the same period last year to reach $ 955 million, although have recorded a greater loss.
Walt Disney shares gained 1% after the release of the report.
The stock has risen sharply since the company released in April the details of its Disney + streaming service, which will be launched later this year. Shares have increased more than 17% in the last month.
Stay up-to-date on all upcoming earnings reports by visiting the Investing.com results calendar.
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