The post Prominent hedge funds miss out as Disney rallies 10% on Q4 results appeared on BitcoinEthereumNews.com.

Disney reported a 39% increase in adjusted EPS in fiscal Q4. Top and bottom line beats helped Disney stock surge by 10%. Dow Jones is muted as market trades sideways on Thursday. 2025, 2026 expected to bring double-digit growth rate to profits.   The Disney Company (DIS) might finally be out of the muck after shooting up 10% on Thursday following robust fiscal fourth-quarter earnings results. However, several famous hedge funds missed the boat as they sold of their Disney stakes in Q3. Disney beat on the top and bottom lines rather narrowly, but the market exulted at the media and entertainment conglomerate’s raised profit guidance for fiscal 2025. Instead of the 4% YoY adjusted earnings per share (EPS) growth projected for 2025, management said they are now expecting “high single digits”.  The Dow Jones Industrial Average (DJIA), which includes Disney, trades narrowly higher at the time of writing, while the NASDAQ and S&P 500 move sideways to lower. Disney stock earnings news Disney earned $1.14 in adjusted EPS in fiscal Q4, which ended on September 28. This was 3 cents better than the Wall Street consensus and up 39% YoY. Revenue came in $80 million above consensus at $22.57 billion, which was a 6% increase from the same quarter one year ago. Disney’s results in Q4 primarily owe a debt to its Entertainment segment, which saw revenue rise 14% YoY. Sports revenue, however, was flat, and Experiences revenue only grew 1% YoY. Of the $3.66 billion in total operating income during the quarter, Entertainment drew in $1.07 billion, triple its year-ago figure, while Sports took in $929 million, and Experiences brought in $1.66 billion. In 2025, Disney expects $15 billion in cash from operations. $8 billion will be spent on capex, and $3 billion will go to share buybacks. Management…

---

Filed under: News - @ November 14, 2024 6:23 pm