Disney (DIS) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

The Walt Disney Company (DIS) reported first-quarter fiscal 2024 adjusted earnings of $1.22 per share, which beat the Zacks Consensus Estimate by 25.77% and increased 23.2% year over year.Revenues rose 0.2% year over year to $23.5 billion but missed the consensus mark by 0.58%.Shares of Disney have gained 9.5% year to date compared with the Zacks Consumer Discretionary sector’s rise of 8.7%.Segment DetailsMedia and Entertainment Distribution revenues (42.4% of revenues) decreased 6.5% year over year to $9.9 ...