What's Going On With Disney Shares
Portfolio Pulse from Henry Khederian
Walt Disney Co's shares are trading lower by 0.92% to $88.20. The company reported better-than-expected third-quarter EPS results last week, but shares have sold off modestly since then. Disney's Q3 revenue was $22.33 billion, 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 $3.56 billion, flat YoY.
August 14, 2023 | 2:39 pm
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Disney's shares are trading lower despite better-than-expected Q3 EPS. However, revenue fell short of estimates, which may have contributed to the stock's decline.
Disney's shares are trading lower despite reporting better-than-expected Q3 EPS. This could be due to the company's revenue falling short of the Street's consensus estimate, which may have disappointed investors and led to the stock's decline.
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