NatalieLopez

 14 Nov 24

tl;dr

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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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
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