1 Major Red Flag With Disney's Latest Earnings That Investors Need to Know
Media and entertainment powerhouse Walt Disney (NYSE: DIS) recently reported financial results for its fiscal 2023 third quarter (ended July 1). Revenue was just over $22.3 billion and adjusted diluted earnings per share totaled $1.03. Both figures beat Wall Street expectations. So, it wasn't a surprise that investors welcomed the news, sending the stock higher after the announcement.
While Disney might be viewed as a blue chip stock worth owning in your portfolio, I think there is something important to keep in mind that might challenge that perspective.
Disney will continue to face struggles with its steaming operations. Let's take a closer look at this major red flag with the business that investors need to know about.
Source Fool.com
