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Disney earnings beat estimates as new CEO outlines growth strategy

Corporate EarningsCorporate Guidance & OutlookCompany FundamentalsMedia & EntertainmentTravel & Leisure

Walt Disney exceeded Wall Street’s quarterly earnings estimates as streaming and theme park revenue rose. New CEO Josh D’Amaro also reiterated that growth should accelerate in the second half of the fiscal year, supporting a more constructive outlook for the stock.

Analysis

Walt Disney exceeded Wall Street’s quarterly earnings estimates as streaming and theme park revenue rose. New CEO Josh D’Amaro also reiterated that growth should accelerate in the second half of the fiscal year, supporting a more constructive outlook for the stock.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.55