Walt Disney: increases annual EPS target again

(CercleFinance.com) - On its quarterly publication, Walt Disney has again raised its adjusted EPS target for the current year, expecting it to grow by 30% (instead of 25%), supported by its balanced portfolio of assets.


It justifies this increase by a solid performance in Q3 2023-24, with adjusted EPS up 35% to $1.39, as well as segment operating income up 19% to $4.22bn.

The media and entertainment group's revenues rose 4% to just under $23.2bn, driven by its entertainment (+4%) and sports (+5%) segments, while the experiences segment was slightly weaker (+2%).


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