- The company reported an adjusted $1.89 earnings per share on $15.35 billion in revenue.
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Disney jumps after reporting strong quarterly earnings (DIS)
Disney reported its first-quarter 2018 earnings on Tuesday that beat Wall Street expectations.
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Shares of Disney rose 2.32% after the company reported earnings that beat Wall Street expectations.
The company reported an adjusted earnings of $1.89 per share, beating expectations of $1.61, and revenue of $15.35 billion, falling short of an expected $15.44 billion.
Out of 27 analysts polled by Bloomberg, 15 analysts rated Disney a "Buy," 10 analysts said it was a "Hold," and only two analysts rated the company a "Sell."
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optimistic about Disney's move to competevideo streaming service at a lower costsaid in December that it plans to buy21st Century Foxvideo-streaming company, BAMTech for $1.58 billion
Here are the important figures from the earnings report:
Earnings Per Share: $1.89 vs. an expected $1.61
Revenue: $15.35 billion vs. an expected $15.44 billion
Operating Profit: $900 million, vs. an expected $699 million
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