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Disney (DIS) beat fiscal first quarter revenue and earnings estimates — posting figures of $24.7 billion in revenue and adjusted earnings per share of $1.76 — while disclosing a 700,000 decline in streaming subscribers.
Bloomberg Intelligence Senior Media Analyst Geetha Ranganathan sits down with Seana Smith and Madison Mills on Catalysts to speak more about the media giant's earnings release, calling the streaming loss as "more contained" compared to previous projections.
"So I think with this company... they did reaffirm guidance for high single-digit EPs growth," Ranganathan tells Yahoo Finance. "But I think what the street was expecting and what investors were generally hoping for was that they would take guidance up a little bit, especially kind of given the strength that we saw in those fiscal first quarter results."
Catch Yahoo Finance executive editor Brian Sozzi's interview with Disney CFO Hugh Johnston.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
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This post was written by Luke Carberry Mogan.