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Tap here. Disney beat on earnings, missed on revenue, and the stock went up in response, which in this market qualifies as sorcery. Adjusted EPS came in at $2.06 against $1.86 expected.
Revenue landed at $25.25 billion, up 7% and roughly $150 million shy of estimates. Nobody minded, because the parks are printing and the stock popped 4% pre-market. “Experiences revenue” (a pleasantly existential line item) rose 10% to $9.97 billion, with domestic attendance up 3% and per-capita spending up 4%, meaning people are showing up and buying the churro. Comcast just told investors that attendance across the whole Orlando market started softening in June, blaming sour consumer sentiment and the cost of getting there.