After the closing bell today, two bellwether companies in their respective industries reported earnings results: The Walt Disney Company (DIS Quick QuoteDIS - Free Report) and NVIDIA (NVDA Quick QuoteNVDA - Free Report) . While both companies topped expectations on the bottom line, shares of the two companies are headed in different directions in late-trading.

Disney reported $1.50 per share, which amounts to a 5-cent beat. Revenues in the quarter, however, were below the Zacks consensus of $13.48 billion to $13.34 billion. A drop in its Media & Networks segment due to operating income falling 3% on account of higher programming costs at ESPN was the culprit. That said, Disney's Studio business posted a better-than-expected $2.03 billion in the quarter, topping Zacks expectations. Shares are trading below their normal Tuesday closing price by roughly 2%. For more, click here.

NVIDIA posted another big earnings beat -- its fifth in a row, averaging a more than 27% positive surprise in its trailing four quarters -- on sales of $1.94 billion in the quarter represents a 48.4% leap year over year, and topped the Zacks consensus of $1.91 billion. NVIDIA also guided revenues for next quarter above our consensus $1.89 billion to $1.95 billion. As a result, shares are off to the races in the after-market, up 11% since regular Tuesday close.