Wall Street analysts praised Walt Disney ‘s quarterly results topped Wall Street expectations, which Was after the blockbuster movies like Marvel’s “Black Panther” and “Avengers: Infinity” fueled growth in revenue and profit.
On a call with analysts on Tuesday, Disney CEO Bob Iger said, “with more than $1.3 billion in cash, the date, the ‘Black Panther’ makes a very loud statement about the importance of risks and the value of inclusion. We are proud that this Film is on so many levels. It speaks volumes about the great, innovative story-telling, the power of new perspectives, and unbridled creativity.”
With “Black Panther” and “Avengers: Infinity War”, Iger said the Disney studio, nine of the top 10 of the biggest domestic box-office openings of all time, all released in the last six years.
Disney dominated the opening weekend box office in USA
Many analysts characterized the strong box-office results as a future opportunity for the company, while others said the media and entertainment giant has “fired on all cylinders.”
Disney posted adjusted fiscal second quarter earnings per share of 1.84 dollars (compared to $1.70 expected) and revenue of $14.55 billion (compared to $14.11 billion expected).