The Walt Disney Company (DIS – Free Report) released its second quarter financial results, posting adjusted earnings of $1.84 per share and revenues of $14.55 billion.

Disney is currently a Zacks Rank #3 (Hold), which is subject to change based on today's results. Shares of Disney are down 8% over the last year, but have popped 2.8% over the last four weeks. The company also saw its stock price sink 0.70% on Tuesday to hit $101.76 per share prior to the release of its quarterly earnings results.

Disney stock is currently up 0.60% to $102.40 per share in after-hours trading shortly after its earnings report was released.

DIS:

Beat earnings estimates. The company posted adjusted earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.68 per share.

Beat revenue estimates. The company saw revenue figures of $14.55 billion, topping our consensus estimate of $14.23 billion.

Disney saw its quarterly revenues pop roughly 9% from $13.34 billion in the year-ago period. Meanwhile, the media and entertainment giant's adjusted EPS figure climbed roughly 23% from $1.50 per share.

Looking at specific business segments, Disney's Media Networks unit, which includes the struggling ESPN, saw its revenue climb 3% to $6.14 billion, topping our $6.12 billion estimate. Disney's Parks and Resorts revenue surged 13% to $4.88 billion, which fell short of our $5.24 billion estimate.

The company's last major unit, Studio Entertainment, saw its revenue soar 21% to $2.45 billion, which missed our $2.85 billion estimate.

“Our ability to create extraordinary content like Black Panther and Avengers: Infinity War and leverage it across all business units, the unique value proposition we're creating for consumers with our DTC platforms, and our recent reorganization strengthen our confidence that we are very well positioned for future growth,” CEO Robert Iger said in a company statement.