Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. However, the quarter checked the boxes that matter most to us, making the stock decline a buying opportunity. Revenue in the fiscal third quarter totaled $23.16 billion, topping the $23.07 billion expected by analysts, according to estimates compiled by LSEG. On an annual basis, revenue rose 3.7%.
People watch Walt Disney's Carousel of Progress attraction at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. However, the quarter checked the boxes that matter most to us, making the stock decline a buying opportunity.