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Disney beats estimates in CEO Josh D'Amaro's first earnings report

Business Insider·James Faris·6 months ago
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Disney's new CEO explains the 3 pillars of his growth strategy, as the company beats earnings estimates

Josh D'Amaro has hit the ground running since becoming Disney's CEO in mid-March. Thibault Camus / POOL / AFP via Getty Images

Disney topped Wall Street's estimates in its latest quarter.

New CEO Josh D'Amaro laid out the three pillars of his growth strategy in a shareholder letter.

D'Amaro has faced several unexpected challenges since replacing Bob Iger.

Josh D'Amaro's Disney just exceeded expectations after a hectic few weeks.

Disney's revenue grew 7% to $25.2 billion in its quarter ending March 28, the company said on Wednesday morning, above the $24.87 billion estimate from analysts polled by Bloomberg.

Earnings per share rose 8% to $1.57 per share, excluding certain charges, compared to Wall Street's consensus estimate of $1.51 per share.

Shares rose about 4% in pre-market trading.

D'Amaro, who took over for longtime CEO Bob Iger in mid-March, wrote in a letter to shareholders that the…

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