Walt Disney Q1 2024 Adj EPS $0.99, Inline, Sales $23.50B Miss $23.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Walt Disney (NYSE:DIS) reported Q1 2024 earnings of $0.99 per share, meeting analyst estimates, but missed revenue expectations with $23.50 billion against a forecast of $23.64 billion, marking a slight decrease from the previous year.
February 07, 2024 | 9:06 pm
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Walt Disney reported Q1 2024 earnings per share of $0.99, aligning with expectations, but its revenue of $23.50 billion missed estimates by 0.60%, showing a minor decline from the previous year.
Missing revenue estimates, even by a small margin, can negatively impact investor sentiment and stock price in the short term. The slight year-over-year decrease in sales further compounds concerns about growth, leading to a negative outlook.
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