7 Walt Disney Analysts React to Q2 Earnings Miss, Subscriber Beat, Ongoing Asia Weakness

About 150 people attend a rally to oppose The Walt Disney Company's stance against a recently passed Florida law that prohibits schools from teaching their youngest students about sexual orientation and gender identity, outside of Disney's headquarters in Burbank, Calif., on April 6, 2022. Jill McLaughlin/The Epoch Times

Walt Disney Co shares traded lower by 3.7 percent on Thursday after the company reported first-quarter earnings and said ongoing COVID-19 disruptions are weighing on its Asia theme park business.

On Wednesday, Disney reported fiscal second-quarter adjusted EPS of $1.08 on revenue of $19.25 billion. Both numbers missed consensus analyst estimates of $1.19 and $20.1 billion, respectively. Revenue was up 23 percent from a year ago.