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Walt Disney Shares Fall After Its Earnings Release

Benzinga ·  May 7 07:00  · Earnings

Walt Disney (NYSE:DIS) reported quarterly earnings of $1.21 per share which beat the analyst consensus estimate of $1.10 by 10 percent. This is a 30.11 percent increase over earnings of $0.93 per share from the same period last year.  The company reported quarterly sales of $22.080 billion which missed the analyst consensus estimate of $22.120 billion by 0.18 percent.  This is a 1.21 percent increase over sales of $21.815 billion the same period last year.

Disney+ Core subscribers increased by more than 6 million in the second quarter, and Disney+ Core ARPU increased sequentially by 44 cents.

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