Categories AlphaGraphs, Earnings, Leisure & Entertainment
Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and restrictions. Meanwhile, earnings increased, reversing the recent trend, and exceeded expectations.
Revenues of the Burbank, California-based company dropped to $15.6 billion in the second quarter from $18.02 billion in the prior-year period and missed the Street view.
Second-quarter profit, excluding one-off items, rose to $0.79 per share from $0.60 per share last year. Analysts had forecast a decline. Unadjusted net income from continuing operations was $912 million or $0.50 per share, compared to $468 million or $0.26 per share in the second quarter of 2020.
Read management/analysts’ comments on Walt Disney’s Q2 report
DIS shares have increased about 64% in the past twelve months, mostly outperforming the market. They declined on Thursday evening soon after the company published the quarterly report.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Hormel Foods (HRL) fine-tunes biz strategy to beat challenges. Is the stock a buy?
For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months
HP Inc. (HPQ) stock research summary | Q3 2021
HP Inc has shown a strong performance in Q4 2021. In spite of remote working, HP has shown a strong demand for PC and printer. The company has beat Zacks
VMware Inc. (VMW) stock research summary | Q3 2021
In this era of digital transformation, the technology industry is seeing a rapid influx of innovative products and solutions that help businesses adapt to the fast-changing and complex environment. VMware
