CORRECTION: Walt Disney Q1 2024 Adj EPS $1.22 Beats $0.99 Estimate
Portfolio Pulse from Benzinga Newsdesk
Walt Disney (NYSE:DIS) reported Q1 2024 adjusted earnings per share (EPS) of $1.22, surpassing the analyst consensus estimate of $0.99 by 23.23%. However, their quarterly sales of $23.50 billion fell short of the analyst consensus estimate of $23.64 billion by 0.60%, marking a slight decrease of 0.05% from the same period last year.
February 07, 2024 | 9:16 pm
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Walt Disney reported higher than expected Q1 2024 EPS but slightly missed sales estimates, showing a minor decrease from last year.
The positive earnings surprise could lead to short-term bullish sentiment due to the beat on EPS estimates. However, the slight miss on sales and the minor year-over-year decrease might temper optimism, leading to a neutral short-term impact on DIS stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100