Disney’s shares rise after the company reports stronger-than-expected results for its fiscal third quarter. Multiple reports say adjusted earnings per share come in at $2.06, above Wall Street’s estimate of $1.86. The company also reports fiscal Q3 revenue of $25.25 billion, up 7% year over year. Revenue growth is supported by the Experiences segment, which increases 10% year over year. The reports also note growth in entertainment streaming revenue. Alongside the earnings figures, Disney raises its share repurchase plan, increasing the targeted buyback to $9 billion. The higher buyback authorization and the earnings beat drive the immediate market reaction, with the stock moving up roughly 4% in the news coverage. Overall, the information presented focuses on the quarterly profit and revenue results versus analyst expectations, segment performance including Experiences and streaming, and the change to Disney’s capital return plan.
Disney shares rise after fiscal Q3 earnings beat and higher $9 billion buyback target
Disney’s shares rise after the company reports stronger-than-expected results for its fiscal third quarter. Multiple reports say adjusted earnings per share come in at $2.06, above Wall Street’s estim...
- Disney reports fiscal third-quarter adjusted EPS of $2.06, above an estimated $1.86.
- Disney’s fiscal Q3 revenue is $25.25 billion, up 7% year over year.
- The Experiences segment grows 10% year over year.
- Entertainment streaming revenue increases, according to the reports.
- Disney raises its planned share buyback target to $9 billion.
Disney's fiscal Q3 revenue rose 7% year-on-year to $25.25 billion, while adjusted EPS increased to $2.06 from $1.61. The experiences segment grew 10%, while entertainment streaming revenue climbed...
5 hours agoDisney reported adjusted earnings per share of $2.06, beating Wall Street's estimate of $1.86.
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