Disney, Gilead & Snap Post Mixed Quarters, Chipotle Beats
Zacks Investment Research | Feb 04, 2020 05:58AM ET
Lots of fresh Q4 earnings results to sift through after Tuesday's closing bell, so we will dive right in with The Walt Disney Company (NYSE:DIS) , which beat bottom-line estimates by a solid dime to $1.53 per share, on revenues of $20.8 billion, which slightly missed the Zacks consensus. The company did particularly well in its direct-to-consumer business, with Disney+ subscribers reaching 26.5 million (compared to estimates of 20-25 million). Its Studio segment grew more than 100% on the strength of its Frozen II and Star Wars: The Rise of Skywalker offerings in the quarter. For Parks, Experiences & Products, shutdowns of Disney amusement parks in Shanghai and Hong Kong related to coronavirus concerns was the only major dent in the quarter. CEO Bob Iger mentioned he does not know exactly when the parks will be re-opened. For more on GILD's earnings, click here. Finally, Snap Inc. (NYSE:SNAP) also had a mixed Q4, with 3 cents per share outpacing the $0.00 we had expected (and the -4 cents per share in the year-ago quarter), while $561 million in revenues was a tad below expectations. Its revenue per user came in 4 cents light of estimates, though top-line guidance for Q1 looks stronger than the Zacks consensus of $456.7 million. Daily Active Users were also slightly better than expected at 218 million.
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