Company News: Walt Disney (DIS) posts surprise quarterly profit

Market news

5 August 2020

Company News: Walt Disney (DIS) posts surprise quarterly profit

Walt Disney (DIS) reported Q3 FY 2020 earnings of $0.08 per share (versus $1.35 per share in Q3 FY 2019), better than analysts’ consensus estimate of -$0.64 per share.

The company’s quarterly revenues amounted to $11.800 bln (-41.7% y/y), missing analysts’ consensus estimate of $12.482 bln.

DIS rose to $124.80 (+6.40%) in pre-market trading.

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