Disney Delivered Where It Mattered Most

Summary:

  • Disney’s Q3 revenue of $22.33 billion fell short of analysts’ expectations by $200 million.
  • The company reported a loss per share of $0.25, but adjusted profits exceeded analysts’ expectations.
  • Despite these weaknesses, the firm delivered where it mattered the most, and its future really does look magical.

Mary Poppins dances at Disneyland

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August 9th was undeniably an interesting day for shareholders and market watchers of entertainment conglomerate The Walt Disney Company (NYSE:DIS). After the market closed, shares of the company moved up around 2% in response to financial results covering the


Analyst’s Disclosure: I/we have a beneficial long position in the shares of DIS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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