Walt Disney Q2 2024 Adj EPS $1.21 Beats $1.10 Estimate, Sales $22.080B Miss $22.120B Estimate
Portfolio Pulse from Benzinga Newsdesk
Walt Disney (NYSE:DIS) reported Q2 2024 earnings of $1.21 per share, surpassing the $1.10 estimate, marking a 30.11% increase from last year. However, their sales of $22.080B slightly missed the $22.120B estimate, though still up 1.21% from the previous year.
May 07, 2024 | 10:32 am
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Walt Disney reported higher than expected Q2 2024 earnings at $1.21 per share, a 30.11% increase YOY, but sales slightly missed estimates.
The positive earnings surprise and year-over-year growth are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the slight miss in sales estimates could temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100