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Investing.com – Walt Disney (NYSE 🙂 shares rose on Tuesday after trading hours, after entertainment giant announced Q1 higher than badysts' expectations and higher-than-expected revenue despite lack of a big deal movie with big fire.
The component reported earnings per share of $ 1.84 on revenue of $ 15.3 billion. Analysts surveyed by Investing.com expect EPS of 1.54 USD on a turnover of 15.07 billion USD. This compared to a $ 1.89 EPS on a business turnover of $ 15.35 billion in the same quarter of the previous year.
Walt Disney shares rose 1.7% to trade at $ 114.55 after the sale after the report, compared with a normal close of $ 112.61. The stock is up 2.75% over the year, but hardly, while the Dow is up nearly 9%.
Many badysts feared the worst result of Disney because of the lack of release of a great movie during the holiday season. A year ago, Disney released "Star Wars: The Last Jedi" and "Thor: Ragnorak". This year, the films were "Mary Poppins Returns", "The Nutcracker" and "The Four Realms".
Disney has benefited from the decent performances of its media companies, including cable and broadcasting, as well as its parks, experiences and consumer products.
Analysts have suggested that this summer's blockbuster could help.
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