3 Important Things You Missed From Disney's Earnings Call
Disney (NYSE: DIS) delivered the magic investors were hoping for in its fiscal fourth quarter (which ended Sept. 29). The company reported revenue of $19.1 billion, up 34% year over year, beating its own forecast and analysts' estimates. The better-than-expected performance carried down to the bottom line, with non-GAAP (adjusted) earnings per share of $1.07. This helped drive the consumer discretionary stock up nearly 4% on the day following its earnings release.
For investors looking for greater insight into the results and Disney's future plans, the conference call provided a wealth of information. Disney executives covered a wide range of topics including the performance of Star Wars: Galaxy's Edge, the growing subscriber base of ESPN+, and the future of Hulu in a Disney+ world.
Millions have visited Batuu at Star Wars: Galaxy's Edge. Image source: Disney.
Source Fool.com
