Walt Disney Earnings, Revenue Miss in Q2
2022.05.11 23:16
Walt Disney Earnings, Revenue Miss in Q2
Investing.com – Walt Disney (NYSE:DIS) reported on Wednesday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Walt Disney announced earnings per share of $1.08 on revenue of $19.25B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $20.05B.
Walt Disney shares are down 32% from the beginning of the year, still down 43.92% from its 52 week high of $187.58 set on September 9, 2021. They are under-performing the S&P 500 which is down 17.4% from the start of the year.
Walt Disney shares gained 0.58% in after-hours trade following the report.
Walt Disney follows other major Communication Services sector earnings this month
Walt Disney’s report follows an earnings missed by Alphabet C on April 26, who reported EPS of $24.62 on revenue of $68.01B, compared to forecasts EPS of $25.59 on revenue of $68.06B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of $2.72 on revenue of $27.91B, compared to forecast for EPS of $2.56 on revenue of $28.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
