Investing.com - Walt Disney (NYSE:DIS) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Walt Disney announced earnings per share of $1.09 on revenue of $21.5B. Analysts polled by Investing.com anticipated EPS of $0.9762 on revenue of $20.99B.
Walt Disney shares are down 27% from the beginning of the year and are trading at $118.48 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.69% from the start of the year.
Walt Disney shares gained 5.31% 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 Tuesday, July 26, 2022, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on Tuesday, July 26, 2022 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar