Categories AlphaGraphs, Earnings, Leisure & Entertainment
DIS Earnings: Walt Disney Company Q2 2023 revenue increases 13%
The Walt Disney Company (NYSE: DIS) announced second-quarter 2023 results Wednesday after regular trading hours, reporting a drop in adjusted earnings despite an increase in revenues.
The Burbank-headquartered entertainment behemoth said adjusted profit decreased to $0.93 per share in the March quarter from $1.08 per share a year earlier. On a reported basis, net income from continuing operations was $1.27 billion or $0.69 per share, compared to $470 million or $0.26 per share in the prior-year period.
Revenues increase 13% annually to $21.8 billion in the second quarter of 2023. Both media & entertainment revenue and parks & experiences revenue increased.
“From movies to television, to sports, news, and our theme parks, we continue to deliver for consumers, while establishing a more efficient, coordinated, and streamlined approach to our operations,” said Robert Iger, CEO of Walt Disney.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Ulta Beauty (ULTA) Earnings: 1Q23 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.6 billion for the first quarter of 2023, up 12.3% from the same period a year ago. Comparable sales grew 9.3%.
Costco (COST) Q3 2023 earnings drop on weak sales growth
Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion
Key takeaways from Dollar Tree’s (DLTR) Q1 2023 earnings report
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down 9% on Thursday after the company delivered mixed results for the first quarter of 2023. The discount retailer missed expectations on