Disney beats earnings estimates in CEO Josh D'Amaro's first full quarter

Key facts

• Disney reported adjusted diluted earnings per share of $2.06.
• Analysts had estimated Disney's earnings per share at $1.86.
• Disney's revenue for the quarter ending June 27 rose 7% year-over-year.
• Disney's revenue for the quarter ending June 27 was $25.25 billion.
• Disney's revenue was slightly below expectations.
• News Corp reported fourth-quarter revenue of $2.34 billion.
• News Corp's revenue surpassed analyst estimates.
• News Corp's growth was driven by digital real estate, book publishing, and Dow Jones subscriptions.

Disney has reported its first full quarter under CEO Josh D'Amaro, with adjusted diluted earnings per share reaching $2.06. This figure surpassed the analyst estimates of $1.86. The company's revenue for the quarter ending June 27 saw a 7% increase year-over-year, totaling $25.25 billion. However, this revenue number was slightly below what analysts had projected.

In a separate report, News Corp, the publisher of The Wall Street Journal, announced its fourth-quarter revenue at $2.34 billion, which exceeded analyst expectations. The company's growth was bolstered by strong performance in its digital real estate segment, its book publishing division, and the Dow Jones subscription businesses. These areas collectively contributed to the revenue beat.