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Stock impact report

The Walt Disney Company Reports Second Quarter and Six Months Earnings for Fiscal 2024

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: Business Wire
BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) today reported earnings for its second quarter ended March 30, 2024.Financial Results for the Quarter:Revenues for the quarter increased to $22.1 billion from $21.8 billion in the prior-year quarter.Diluted earnings per share (EPS) was a loss of $0.01 for the current quarter compared to income of $0.69 in the prior-year quarter. Diluted EPS decreased to a nominal loss due to goodwill impairments in the quarter, partially offset by higher operating income at Entertainment and Experiences.Excluding certain items(1), diluted EPS for the quarter increased to $1.21 from $0.93 in the prior-year quarter.Key Points:In the second fiscal quarter of 2024, we achieved strong double digit percentage growth in adjusted EPS(1), and met or exceeded our financial guidance for the quarter.As a result of outperformance in the second quarter, our new full year adjusted EPS(1) growth target is now 25%.We remain on track to generate Show less Read more
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