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© Reuters.
Investing.com – Walt Disney (NYSE 🙂 announced a second fiscal quarter exceeding badysts' expectations after Wednesday's bell. The results were helped by the strength of its theme park business and the increase in revenue directly to consumers.
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 business revenue grew 5% to 6.2 billion USD. Operating revenue in this sector increased 15% to $ 1.5 billion.
Revenues from direct sales to consumers and internationally – a sector that includes streaming services such as ESPN + and Hulu – increased by 15% over the same period After the release of the report, Walt Disney shares had initially gained more than 1% after the newspaper's publication.
The title has surged since the company released in April detailed information on its Disney + streaming service, which will be launched later. this year. Shares have increased more than 17% in the last month.
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