Walt Disney (DIS) reported fiscal Q1 non-GAAP earnings late Wednesday of $1.22 per diluted share, up from $0.99 a year earlier.
Analysts polled by Capital IQ expected $1.04.
Revenue for the quarter ended Dec. 30 was $23.55 billion compared with $23.51 billion a year earlier. Analysts surveyed by Capital IQ expected $23.77 billion.
The company said it expects fiscal 2024 non-GAAP EPS of about $4.60, up at least 20% from the previous year. Analysts polled by Capital IQ expect $4.34.
Disney said it is targeting $3 billion worth of share repurchases in fiscal 2024 under a new buyback program.
Additionally, the company declared a cash dividend of $0.45 a share, 50% higher than the last dividend paid in January,
payable on July 25 to shareholders of record on July 8.
Disney shares rose more than 7% in recent Wednesday after-hours trading.