It's a Great Big Beautiful Tomorrow for Disney Stock

Walt Disney (NYSE: DIS) delivered a beat on both ends of the income statement on Wednesday morning. It wasn't enough to initially impress Wall Street. Problematic dips in its theme park operating income and sequentially for Disney+ subscriber numbers -- as well as the media giant failing to boost its earlier profit growth target for fiscal 2025 despite a blowout first quarter -- kept the market's pixie dust in its pockets at first.Last year's fiscal first quarter was going to be a hard act to follow. The stock soared following a modest earnings beat, but that was because it came with a laundry list of positive announcements as Disney was fending off a pair of activist investors. There are no boardroom challenges heading into this springtime's annual shareholder meeting, so the results would have to be enough this time around.Disney's revenue clocked in at $24.7 billion for the holidays-spiked fiscal first quarter ending in December. It's a modest 5% year-over-year increase, but analysts were bracing for a mere 4% advance. A 9% jump in its entertainment segment was held back by a 3% gain for its theme parks-led experiences business and a flat top-line performance for its sports arm.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool