NatalieLopez
14 Nov 24
Disney shares surged 9% in premarket trading after the company reported revenue of $22.57 billion, exceeding last year's $21.24 billion. The adjusted earnings per share were $1.14, slightly higher than the estimated $1.11. Disney's streaming business recorded an operating profit of $253 million, fol...
Disney Shares Pop After Revenue, Adjusted Earnings Top Estimates
Shares of the Walt Disney Company (DIS) are surging 9% in premarket trading after the media giant reported revenue and adjusted profit that topped analysts' estimates. The company reported $22.57 billion in revenue, up from $21.24 billion last year and narrowly above the $22.50 billion analysts expected, according to Visible Alpha. After accounting for about $1.5 billion in one-time charges like restructuring costs, Disney's adjusted earnings per share (EPS) came in at $1.14, just above estimates of $1.11. Disney's streaming business recorded an operating profit of $253 million after posting a profit for the first time last quarter.
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