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.

Walt Disney Q2 2021 earnings infographic

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.

Walt Disney Segment RevenueWalt Disney Segment Revenue

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:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

GameStop (GME) Earnings: Q1 loss narrows on 25% sales growth

Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first

Should you invest in Steel Dynamics (STLD) stock after 78% rally?

The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive

Campbell Soup (CPB) Q3 Earnings: Key financials and quarterly highlights

Campbell Soup Company (NYSE: CPB) reported third-quarter 2021 earnings results today. Net sales decreased 11% year-over-year to $1.98 billion, as a result of lapping the demand surge at the onset

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top