Walt Disney Co DIS shares are trading higher by 1.5% to $89.60 Monday afternoon. The stock is gaining, potentially on continued strength, after the company last week reported better-than-expected fourth-quarter adjusted EPS results.
See Also: Morgan Stanley Says Walt Disney Is Rebuilding Profitability And Not Sitting Still
What Happened With Earnings?
Disney's fourth-quarter revenue reached $21.24 billion, up 5% YoY, but slightly below the estimated $21.33 billion. Earnings per share surpassed expectations at 82 cents, consensus was 70 cents.
Revenue growth was observed in Entertainment (2% YoY) and Experiences (13% YoY), with Sports remaining flat.
"Our results this quarter reflect the significant progress we've made over the past year," Disney CEO Bob Iger said....Read More
See Also: Disney CEO Bob Iger Reveals 4 Building Blocks For Reviving Mouse House
According to data from Benzinga Pro, Disney has a 52-week high of $118.18 and a 52-week low of $78.73.
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