‘Bringing Back the Magic’: 4 Disney Analysts React to the Mouse’s Q1 Beat

‘Bringing Back the Magic’: 4 Disney Analysts React to the Mouse’s Q1 Beat
Mickey Mouse rides in a parade at Disney World's Magic Kingdom in Orlando, Fla., on Nov. 11, 2001. Joe Raedle/Getty Images
Benzinga
Updated:

Walt Disney Co. shares were rallying Thursday after the company reported a big first-quarter earnings beat.

Disney reported fiscal first-quarter adjusted EPS of $1.06 on $21.82 billion in revenue. Both numbers exceeded consensus analyst estimates of 63 cents and $20.91 billion, respectively. Revenue was up 34 percent from a year ago.