Summary by Moomoo AI
On May 7, 2024, The Walt Disney Company (Disney) released its earnings report for the second quarter ended March 30, 2024. The report showed an increase in revenues to $22.1 billion, up from $21.8 billion in the same quarter of the previous year. However, Disney reported a nominal loss in diluted earnings per share (EPS) of $0.01, compared to an income of $0.69 per share in the prior-year quarter, primarily due to goodwill impairments. Excluding certain items, diluted EPS for the quarter increased to $1.21 from $0.93 in the prior-year quarter. The company highlighted strong double-digit percentage growth in adjusted EPS and met or exceeded financial guidance for the quarter. Disney also announced a new full-year adjusted EPS growth target of 25% and remains on track to...Show More