Walt Disney Q1 2024 Adj EPS $1.22 Beats $0.99 Estimate, Sales $23.50B Miss $23.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
Walt Disney (NYSE:DIS) reported Q1 2024 adjusted EPS of $1.22, surpassing the $0.99 estimate, but its sales of $23.50B fell short of the $23.64B estimate, marking a slight 0.05% decrease from the previous year.
February 07, 2024 | 9:16 pm
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Walt Disney reported a higher-than-expected Q1 2024 EPS of $1.22 but missed sales estimates with $23.50B, a minor decrease from last year.
The positive earnings surprise with an EPS beating estimates by 23.23% could provide a short-term uplift to DIS stock. However, the slight miss in sales and a marginal year-over-year decrease might temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100