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

Market news

12 February 2021

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

Walt Disney (DIS) reported Q1 FY 2021 earnings of $0.32 per share (versus $1.53 per share in Q1 FY 2020), much better than analysts’ consensus estimate of -$0.34per share.

The company’s quarterly revenues amounted to $16.249 bln (-22.2% y/y), beating analysts’ consensus estimate of $15.878 bln.

DIS rose to $194.50 (+1.88%) in pre-market trading.

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