Walt Disney tops second-quarter estimatesThe Walt Disney Company (DIS) provided no surprise to its investors when it beat analysts’ expectations again on both the earnings and revenue fronts in the second quarter of fiscal 2019, which ended on March 30, 2019. It reported its earnings results on May 8. While its revenue rose, its adjusted earnings fell from the previous year’s results. Disney stock was up ~1% in after-hours trading on May 8 following its upbeat second-quarter results.\n\nDisney stock has risen 23.11% year-to-date as of May 8. The shares of Disney’s media peers Comcast, Netflix, Dish Network, and CBS have risen 25.6%, 36.1%, 39.9%, and 11.4%, respectively, in the same period.Second-quarter resultsDisney reported EPS of $3.53 in the second quarter of 2019, up 81% YoY (year-over-year). On an adjusted basis, Disney’s EPS were $1.61, which surpassed analysts’ expectation of $1.58 by 1.9% but fell 12.5% YoY from its previous year’s EPS of $1.84.\n\nMeanwhile, the company’s revenue exceeded both analysts’ estimate and its previous year’s second-quarter results. Its revenue was $14.9 billion in the quarter, surpassing the consensus estimate by 3.9% and its fiscal 2018 second-quarter revenue by ~3%.\n\nDisney also completed its $71.3 billion acquisition of 21st Century Fox’s media and entertainment assets during the quarter, which further boosted its revenue.