The American entertainment and media Walt Disney Company achieved quarterly profits that exceeded expectations, with revenues of USD 22.33 billion in the quarter ending on the first of last July, an increase of 4 percent over the year 2022, but below the average Wall Street estimate of USD 22.5 billion in revenue.
The company posted earnings per share of USD 1.03, beating Wall Street's forecast of 95 cents per share.
Walt Disney Company was founded on Oct. 16, 1923, by brothers Walt and Roy Disney in the form of Walt Disney Animation Studios (WDAS) and has become one of the largest studios in Hollywood.
