After the closing bell today, two bellwether companies in their respective industries reported earnings results: The Walt Disney Company (DIS - Free Report) and NVIDIA (NVDA - 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
After the closing bell today, two bellwether companies in their respective industries reported earnings results: The Walt Disney Company (DIS - Free Report) and NVIDIA (NVDA - 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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