Disney Stock Gains on Disney+ Beat and Raised Prices, Earns Upgrade to Buy
© Reuters. Disney (DIS) Stock Gains on Disney+ Beat and Raised Prices, Earns Upgrade to Buy
By Senad Karaahmetovic
Shares of Disney (NYSE:) are up more than 8% in premarket trading Thursday after the company reported stronger-than-expected Disney+ subscriber numbers for Q3.
The company Q3 adjusted EPS of $1.09, up from 80c in the year-ago period and above the consensus estimates of 96c per share. Revenue came in at $21.5 billion, up 26% YoY and just above the analyst consensus of $21 billion.
Media and entertainment distribution revenue stood at $14.