DIS - Disney Stock Is Rising Thursday: What's Going On? | Benzinga
Walt Disney Co (NYSE:DIS) shares are trading higher Thursday after the company reported fiscal first-quarter results and announced a new partnership. Multiple analysts also adjusted ratings and price targets on the stock.
What Happened: Disney reported fiscal first-quarter revenue of $23.5 billion, which missed the consensus estimate of $23.64 billion, according to Benzinga Pro. The company’s top-line results were flat on a year-over-year basis.
Disney reported quarterly adjusted earnings of $1.22 per share, which beat estimates of 99 cents per share.
“Just one year ago, we outlined an ambitious plan to return The Walt Disney Company to a period of sustained growth and shareholder value creation,” said Bob Iger, CEO of Disney.
“Our strong performance this past quarter demonstrates we have turned the corner and entered a new era for our company, focused on fortifying ...