Disney: stock down as Q2 falls short of estimates
(CercleFinance.com) - Disney shares opened lower on Thursday morning in New York, after the group reported lower-than-expected Q2 profit (period ended early April).
The US entertainment giant reported net profit of 470 million dollars for the first three months of the year, i.e. 26 cents per share, little over half the 912 million dollars, or 50 cents per share, a year earlier.
Excluding extraordinary items, EPS reached 1.08 dollar per share, below consensus of 1.19 dollar.
Revenue rose 23% to 19.2 billion dollars, but this also missed the consensus of just over 20 billion dollars.
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The US entertainment giant reported net profit of 470 million dollars for the first three months of the year, i.e. 26 cents per share, little over half the 912 million dollars, or 50 cents per share, a year earlier.
Excluding extraordinary items, EPS reached 1.08 dollar per share, below consensus of 1.19 dollar.
Revenue rose 23% to 19.2 billion dollars, but this also missed the consensus of just over 20 billion dollars.
Copyright (c) 2022 CercleFinance.com. All rights reserved.