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Walt Disney Earnings, Revenue Miss in Q4 -Breaking

by Mike Robinson

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© Reuters. Walt Disney Revenue Misses in Quarter Four

Walt – Investing.com Disney (NYSE:) Wednesday’s fourth quarter report showed revenue and forecasts that were lower than expected.

Walt Disney reported earnings per share at $0.37 on $18.53B in revenue. Investing.com polled analyst to predict EPS at $0.5166 on $18.82B revenue.

Walt Disney Shares are now down by 3% over the beginning of this year. They’re still 14.17% off its 52 week high, $203.02 (March 8th), however. The Dow Jones is currently up 17.88% since the beginning of the year, but they are still below Walt Disney shares.

Following the release, Walt Disney’s shares fell by 2.8% after hours trade.

Walt Disney joins other big earnings in the services sector for this month

The report by Walt Disney follows the October 26 earnings beat of Visa A, who reported an EPS figure of $1.62 per share on $6.56B in revenue. This compares to forecasts of an EPS rate of $1.55 for $6.52B.

Netflix beat all expectations with third-quarter EPS at $3.19 on $7.48B in revenue, as opposed to the forecast of EPS at $2.57 for $7.48B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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