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Investing.com – Walt Disney (NYSE:DIS) reported Thursday third-quarter earnings and revenue that beat analysts forecasts, led by better-than-expected Disney+ performance and a return to profit in its theme parks and resorts business.
Walt Disney shares gained 5% in after-hours trade following the report.
Walt Disney announced earnings per share of 80 cents on revenue of $17.02 billion. Analysts polled by Investing.com anticipated EPS of 55 cents on revenue of $16.76 billion.
Disney’s parks, experiences and products business saw revenue soar 307.6% to $4.3 billion from the same period last year. “Theme parks and resorts resumed operations, generally at reduced capacity, at various points since May 2020 through June 2021 and we have commenced an ongoing return of cruise ship sailings and guided tours,” the company said.
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