Investing.com - Walt Disney (NYSE:DIS) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Walt Disney announced earnings per share of $1.53 on revenue of $20.86B. Analysts polled by Investing.com anticipated EPS of $1.46 on revenue of $20.81B. That with comparison to EPS of $1.84 on revenue of $15.3B in the same period a year before.Walt Disney had reported EPS of $1.07 on revenue of $19.1B in the previous quarter.Analysts are expecting EPS of $1.4 and revenue of $19.55B in the upcoming quarter.
Walt Disney shares are down 0% from the beginning of the year and are trading at $149.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.65% year to date.
Walt Disney shares gained 2.94% in after-hours trade following the report.
Walt Disney follows other major Services sector earnings this month
Walt Disney's report follows an earnings beat by Amazon.com on Thursday, who reported EPS of $6.47 on revenue of $87.44B, compared to forecasts EPS of $4.04 on revenue of $86.03B.
Visa A had matched expectations on Thursday with first quarter EPS of $1.46 on revenue of $6.05B, compared to forecast for EPS of $1.46 on revenue of $6.08B.
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