The Walt Disney Company has announced its plans to discuss its fiscal second quarter 2024 financial results on May 7, 2024, but with one significant change to its standard protocol.
Usually, Disney releases its results following the close of regular trading at around 4 pm ET. For the upcoming Q2 results on May 7, Disney says it will release the results before the opening of regular trading, followed by executives discussing the performance at 8:30 am ET.
Typically, companies announce earnings before the market opens to allow investors a full day to digest the information or to control the news cycle effectively, especially if they anticipate the announcement to be positive. Although unlikely to be related to parks, a positive announcement may relate to the company's Disney+ streaming service's positive performance in the quarter. All eyes will be on the May 7 webcast.
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