By Yasin Ebrahim
Investing.com – Disney on Tuesday reported fourth-quarter results that topped analysts’ expectations, led by a strong showing at the box office and better-than-expected performance of Disney+.
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 , still down 5.65% from its 52 week high of $153.41 set on November 26, 2019. 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 after the report.
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