Disney’s actions rise 10% after the improvement of profits and the announcement of a theme park in Abu Dhabi

• Disney actions rise more than 10% after exceeding profits.
• The adjusted EPS reached $ 1.45, exceeding consensus by 20%.
• Disney says it will be associated with a local operator for its seventh theme park.
• Disney+ subscribers increased by more than 1 million in the quarter.

Disney (Dis) He leads the industrial average Dow Jones (DJIA) on Wednesday. The entertainment conglomerate published a spectacular quarterly result before opening and announced plans for a new theme park in Abu Dhabi, United Arab Emirates.

The market in general is mixed, with the Nasdaq composite slightly downward in the morning trade, but the Dow Jones leads the group, rising 0.4%. The secretary of the Treasury, Scott Besent, says that he will carry out the first set of commercial negotiations with China this weekend at a meeting in Switzerland, which has caused a renewed optimism among the Elite of Wall Street.

There is still a little apprehension before the FOMC decision of the Federal Reserve (FED) scheduled for 2:00 pm EST, although the central bank is expected to maintain the rates of interest without changes in a range between 4.25% and 4.50% since President Jerome Powell wants to wait until the Trump administration policy is reflected in the economic indicators.

Disney actions gains

In the second fiscal quarter, which ended in March, Disney won $ 1.45 or 24 cents per share, exceeding Wall Street consensus. That represented a surprising overcoming of 20% in the background. The revenues of 23.6 billion dollars grew by 7% year -on -year and almost half a billion arrived above the general forecast.

The entertainment unit in general saw an increase in operational income of 500 million dollars compared to the previous year, reaching 1.3 billion dollars. The Unit of Experiences, which houses its thematic parks, saw an increase in the operational income of 200 million interannual dollars, reaching 2.5 billion dollars in the quarter. However, the sports unit saw its operational income fall almost 12% year -on -year, up to 687 million dollars.

ESPN+ subscribers fell 3% year -on -year to 24.1 million, Hulu subscribers increased 9% year -on -year to 54.7 million, and Disney+ subscribers increased by 1.4 million compared to the anterior quarter, reaching 126 million.

The Disney consumer’s direct segment saw a great increase, with an operational income that rose 615% year -on -year to 336 million dollars.

Disney said he had repurchased shares worth $ 1,000 million in the quarter and would buy another 2,000 million the rest of the year. For the full fiscal year, Disney raised his 5,44 -$ 5.44 guide in Action -adjusted profits (EPS) at $ 5.75.

Disney executives said they plan to coordinate with the local partner Miraral to build a new resort in front of the sea on Yas Island of Abu Dhabi. This island already houses the Entertainment Parks Seaworld and Warner Bros. World. In addition to what will be its seventh theme park worldwide, Disney said he plans to invest 30,000 million dollars in his theme parks in California and Florida.

Disney actions forecast

Disney’s shares exceeded their simple mobile (SMA) average of about $ 100 days and now seem to be using it as a support. Alcistas will wait for DIS actions to try to reach the level of 107 $, which has acted as support in the past, or possibly an additional attempt at the strength level of $ 118.

However, bassists will notice that the relative force index (RSI) has already reached overcompra conditions, and any negative feeling of the market could turn this into an operable level to make benefits.

DAILY GRAPH OF DIS Actions