What's Going On With Disney Stock?
Portfolio Pulse from Henry Khederian
Walt Disney Co (NYSE:DIS) stock is trading higher by 1.8% to $91.06, driven by overall market strength after softer-than-expected October CPI figures and the company's announcement of stronger-than-anticipated Q4 adjusted EPS. Disney's Q4 revenue was $21.24 billion, up 5% YoY, with EPS at 82 cents, surpassing the expected 70 cents. Growth was noted in Entertainment and Experiences, while Sports remained unchanged. CEO Bob Iger highlighted the progress made over the past year.
November 14, 2023 | 5:27 pm
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POSITIVE IMPACT
Disney's stock is experiencing an uptick due to positive Q4 earnings with a 5% increase in revenue and an EPS beat. The market's reaction to softer CPI figures also contributes to the stock's rise.
The stock is directly impacted by the company's financial performance and market conditions. The positive earnings report, especially the EPS beat, is likely to instill investor confidence and could lead to a short-term increase in stock price. The overall market strength, indicated by the reaction to the CPI figures, further supports the stock's upward movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100