It is estimated that Disney’s September-quarter earnings, adjusted for special items, increased sharply to $0.68 per share from $0.30 per share in the year-ago quarter. Analysts are looking for revenues of $20.13 billion for Q4, which is broadly in line with the prior-year number.
In the third quarter of 2023, adjusted profit decreased to $1.03 per share from $1.09 per share a year earlier. On a reported basis, it was a net loss from continuing operations of $460 million or $0.25 per share in Q3, compared to a profit of $1.41 billion or $0.77 per share last year. Revenues increased 4% annually to $22.3 billion.