We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
NVIDIA Beats and Raises, Disney Beats and Falls
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.