- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance Schedule
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance Schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- Disney results announced – the stock is up in the after-hours
- Home
- News & Analysis
- Shares and Indices
- Disney results announced – the stock is up in the after-hours
- Founded: October 16, 1923
- Headquarters: Team Disney Building, Walt Disney Studios, Burbank, California, United States
- Number of employees: 220,000 (2022)
- Industry: media, entertainment
- Key people: Mark Parker (chairman), Bob A. Iger (CEO)
- 1 month: -0.41%
- 3 months: -3.42%
- Year-to-date: -2.74%
- 1 year: -2.59%
- Walt Disney price targets
- JP Morgan: $120
- Seaport Global: $93
- Bernstein: $103
- Rosenblatt: $103
- B of A Securities: $110
- Truist Securities: $105
- Raymond James: $97
- Wells Fargo: $110
- Goldman Sachs: $136
- Deutsche Bank: $135
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & AnalysisNews & AnalysisDisney results announced – the stock is up in the after-hours
9 November 2023 By Klavs ValtersThe Walt Disney Company (NYSE: DIS) reported its fourth quarter and full fiscal year 2023 results ending September 30, 2023, after the market close in the US on Wednesday.
Company overview
The results
World’s third largest entertainment company reported revenue of $21.241 billion for the quarter (up by 5% year-over-year), narrowly missing analyst estimate of $21.369 billion.
Revenue for the full year reached $88.898 billion, an increase of 7% from the previous year.
Earnings per share reported at $0.82 per share, above analyst estimate of $0.71 per share.
EPS for the full year reached $3.76 per share.
Disney+ added 7 million core subscribers during the previous quarter.
CEO commentary
“Our results this quarter reflect the significant progress we’ve made over the past year,” Robert A. Iger, CEO of Disney commented on the latest results.
“While we still have work to do, these efforts have allowed us to move beyond this period of fixing and begin building our businesses again. We have a solid foundation of creative excellence and innovation built over the past century, which has only been reinforced by the important restructuring and cost efficiency work we’ve done this year, and we’re on track to achieve roughly $7.5 billion in cost reductions. Combined with our portfolio of valuable businesses, brands and assets – and the way we manage them together – Disney has a strong hand that differentiates us from others in our industry.”
“As we look forward, there are four key building opportunities that will be central to our success: achieving significant and sustained profitability in our streaming business, building ESPN into the preeminent digital sports platform, improving the output and economics of our film studios, and turbocharging growth in our parks and experiences business. We have already made considerable advancements in these four areas and will continue to move forward with a sense of purpose and urgency, and I’m bullish about the opportunities we have before us to create lasting growth and increase shareholder value,” Iger concluded.
The latest results had a positive impact on the stock in the after-hours trading. Shares were up by around 3%.The stock is down by 2.59% in the past year at $84.50 per share.
Walt Disney is the 68th largest company in the world with a market cap of $154.61 billion, according to CompaniesMarketCap.
You can trade The Walt Disney Company (NYSE: DIS) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.
Why trade during extended hours?
Sources: The Walt Disney Company, TradingView, MarketWatch, CompaniesMarketCap, Wikipedia, Benzinga
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
Next Article
Li Auto beats Q3 expectations
Li Auto Inc. (NASDAQ: LI) released Q3 results before the market open in the US on Thursday. Let’s take a look at how the Chinese company performed. Company overview Founded: 2015 Headquarters: Beijing, China Number of employees: 19,396 (2022) Industry: Automotive Key people: Li Xiang (Chairman and CEO), Yanan Shen (President),...
November 10, 2023Read More >Previous Article
XAUUSD Analysis – Further Downside in Gold possible as Risk Premium unwinds
Golds safe haven status was reaffirmed as markets opened on the 9th of October to the news of conflict in the Middle East, this saw XAUUSD go on an im...
November 9, 2023Read More >