Disney's Stock Jumps After Big Earnings Beat, Raised Outlook -- MarketWatch

Dow Jones05-07

Shares of Walt Disney Co. $(DIS)$ shot up 6.1% in premarket trading Wednesday, after the entertainment and media giant reported fiscal second-quarter results that were well above expectations and raised its full-year outlook, and was upbeat about its upcoming movie slate and new ESPN offering.

The company said adjusted earnings per share for the quarter to March 29 rose to $1.45 from $1.21 in the same period a year ago, to beat the average analyst estimate compiled by FactSet of $1.19. And revenue grew 7% to $23.6 billion, above the FactSet consensus of $23.09 billion.

For fiscal 2025, the company now expects adjusted EPS to increase 16% to $5.75, which is better than Disney's previous guidance for growth in the high-single digit percentage range.

This is breaking news. Check back for updates.

-Tomi Kilgore

For more from MarketWatch: http://www.marketwatch.com/newsviewer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

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May 07, 2025 07:12 ET (11:12 GMT)

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