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Investing.com – Walt Disney (NYSE:DIS) reported Wednesday fiscal first quarter results that beat analysts’ forecasts as its parks division more than doubled revenue and its streaming business added more subscribers than expected.
Walt Disney shares gained 8.8% in after-hours trade following the report.
Walt Disney announced earnings per share of $1.06 on revenue of $21.82B. Analysts polled by Investing.com anticipated EPS of $0.7319 on revenue of $20.27B.
Walt Disney announced earnings per share of 80 cents on revenue of $17.02 billion. Analysts polled by Investing.com anticipated EPS of 55 cents on revenue of $16.76 billion.
Disney’s parks, experiences and products reported revenue that more than doubled to $7.2. billion from the same period last year. That offset by a decrease in its consumer products business, which was weighed down by the closure of a number of Disney-branded retail stores in North America and Europe in the second half of fiscal year 2021.
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