Investing.com - Walt Disney (NYSE:DIS) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Walt Disney announced earnings per share of $0.6 on revenue of $18.01B. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $18.08B. That with comparison to EPS of $1.61 on revenue of $14.92B in the same period a year before.Walt Disney had reported EPS of $1.53 on revenue of $20.86B in the previous quarter.Analysts are expecting EPS of $0.19 and revenue of $15.55B in the upcoming quarter.
Walt Disney shares are down 30% from the beginning of the year and are trading at $101.50 , down-from-52-week-high.They are under-performing the Dow 30 which is down 16.61% year to date.
Walt Disney shares gained 0.28% in after-hours trade after the report.
Walt Disney follows other major Services sector earnings this month
Walt Disney's report follows an earnings missed by Amazon.com on Thursday, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on Thursday with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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