The Walt Disney Company hosted its second-quarter earnings call on Wednesday. Analysts say a slowdown in travel may drag down Disney stocks.
Walt Disney (DIS) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.21 per share a year ago.
Shares in Walt Disney Co (NYSE:DIS, ETR:WDP) gained over 8% in Wednesday's premarket after reporting second-quarter results that exceeded Wall Street expectations, Moreover, the Mouse House upgraded its full-year earnings forecast. Revenue for the three-months was up 7% year-on-year, to US$23.62 billion, and adjusted earnings per share climbed 20% to US$1.45.
Disney saw fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year as it benefited from faster-than-expected growth at its namesake parks and streaming business. Geetha Ranganathan of Bloomberg Intelligence has more.
Shares of The Walt Disney Company (DIS) rose in premarket trading Wednesday after the media and entertainment giant's fiscal second-quarter results came in better than analysts had expected.
CNBC's Becky Quick reports on the company's quarterly earnings results.
Strength in Disney's Sports and Experiences divisions propelled the media giant to better-than-expected results in its fiscal second quarter. Revenue in the period ended increased 7% over the same quarter a year ago, reaching $23.6 billion. Earnings per share, excluding certain items, hit $1.45 on a diluted basis, up from $1.
The company said it was watching broader economic developments for any impact to its businesses.
Disney will report its fiscal second-quarter earnings before the bell on Wednesday. Wall Street is expecting earnings per share of $1.20 and revenue of $23.14 billion, according to estimates from LSEG.
CNBC's Julia Boorstin reports on news regarding Disney.
The House of Mouse's shares have slumped 17% in 2025, dragged down by the worry that tariffs will chip away at consumer spending.
Earnings season continues to move rapidly, with this week by far reflecting the busiest yet.