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Walt Disney (DIS) Stock Slides on Q3 Earnings, Revenue Miss

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Walt Disney (NYSE: DIS ) reported its latest quarterly earnings results late in the day Tuesday, which sent shares sliding as the company's latest period yielded a rare earnings miss.

The media and entertainment giant said that for its third quarter of fiscal 2018 , it brought in adjusted earnings of $1.87 per share. In the year-ago period, the company brought in adjusted earnings of roughly $1.58 per share.

Analysts were calling for Walt Disney to amass adjusted earnings of $1.95 per share, according to data compiled by a Thomson Reuters survey. The company also tallied up revenue of $15.23 billion for the period, which was stronger than the $14.24 billion in sales from the year-ago quarter.

The Wall Street consensus estimate was calling for the company to rake in $15.34 billion in revenue, according to data compiled by Thomson Reuters. Walt Disney did say that its studio revenue was up by 20% compared to the year-ago quarter to $2.88 billion, due in part by the success of Avengers: Infinity War and Incredibles 2 .

The company's media and networks revenue came in at $6.16 billion, compared to the $6.1 billion guidance that StreetAccount projected. Its parks and resorts brought in $5.19 billion in revenue, below the $5.28 billion forecast that StreetAccount called for in its poll.

DIS stock gained about 0.5% during regular trading hours in anticipation of the company's quarterly earnings results, which sent shares sliding about 2.2% after the bell Tuesday.

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The post Walt Disney (DIS) Stock Slides on Q3 Earnings, Revenue Miss appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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