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DIS stock: The Walt Disney Company

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The Walt Disney Company (DIS) stock is up 2% in premarket trading today after the company reported better-than-expected earnings for the third quarter of fiscal 2023. The company reported earnings per share of $1.09, beating analysts' estimates of $1.03. Revenue also came in above expectations, with the company reporting revenue of $23.51 billion, compared to analysts' estimates of $23.38 billion.

Key Highlights

• Earnings per share: $1.09, beating estimates of $1.03
• Revenue: $23.51 billion, beating estimates of $23.38 billion
• Parks, Experiences and Products revenue up 23% to $7.42 billion
• Media and Entertainment Distribution revenue up 3% to $14.78 billion
• Direct-to-consumer revenue up 8% to $5.30 billion

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