What's Going On With Disney Shares
Portfolio Pulse from Henry Khederian
Walt Disney Co's shares are trading lower by 1.85% despite reporting better-than-expected third-quarter EPS results. The company's revenue of $22.33 billion indicated a 4% YoY increase but fell short of the Street's consensus estimate. The EPS for the same period was $1.03, surpassing the Street's consensus estimate of 97 cents per share. The company's operating income was flat YoY, with an 11% increase in the Parks segment and an 18% decrease in the Media segment.
August 11, 2023 | 2:30 pm
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Disney's shares are trading lower despite better-than-expected Q3 EPS. The company's revenue fell short of estimates but showed a 4% YoY increase. Operating income was flat YoY, with an 11% increase in the Parks segment and an 18% decrease in the Media segment.
Despite reporting better-than-expected Q3 EPS, Disney's shares are trading lower, likely due to the revenue falling short of the Street's consensus estimate. The flat operating income and the decrease in the Media segment might also be contributing to the lower share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100