Disney Q4 Profit Beats Market, Sees Adj. Earnings Growth Ahead; Stock Up In Pre-market

(RTTNews) - Walt Disney Co. (DIS), while reporting higher fourth-quarter profit, above market estimates, on Thursday issued adjusted earnings per share outlook for fiscal years 2025, 2026 and 2027, expecting growth.

In pre-market activity on the NYSE, Disney shares were gaining around 6.6 percent to trade at $109.48.

Looking ahead, the company said it is confident in the long-term prospects for the business.

For fiscal 2025, the company projects high-single digit adjusted earnings per share growth compared to fiscal 2024.

Further, double digit adjusted earnings per share growth is projected for fiscal 2026 as well as fiscal 2027.

In its fourth quarter, earnings came in at $460 million or $0.25 per share, higher than prior year's $264 million, or $0.14 per share.

Adjusted earnings were $2.238 billion or $1.14 per share for the period. Analysts on average had expected the company to earn $0.95 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.3 percent to $22.574 billion from $21.241 billion last year.

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