Investing.com - Walt Disney reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Walt Disney announced earnings per share of $0.32 on revenue of $16.25B. Analysts polled by Investing.com anticipated EPS of $-0.3274 on revenue of $15.91B.
Walt Disney shares are up 5% from the beginning of the year , still down 0.22% from its 52 week high of $191.23 set on Thursday, February 11, 2021. They are outperforming the Dow Jones which is up 2.69% year to date.
Walt Disney shares gained 1.99% in after-hours trade the report.
Walt Disney follows other major Services sector earnings this month
Walt Disney's report follows an earnings beat by Amazon.com on Tuesday, February 2, 2021, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.2 on revenue of $119.72B.
Alibaba ADR had beat expectations on Tuesday, February 2, 2021 with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.
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