Disney's Earnings Marvel, No Mickey Mouse Report (DIS)

Media

Published: February 8, 2011 4:17 pm

Last Updated: April 27, 2020 8:17 pm

The Walt Disney Company (NYSE: DIS) is finding some love after The Mouse House managed to beat earnings handily. The entertainment and media giant, and DJIA component, reported earnings for its first quarter of $0.68 EPS and revenue of $10.72 billion. Thomson Reuters had estimates of $0.56 estimates $10.52 billion in revenues.

Its net for the quarter was about $1.3 billion and cash from operations was $1.12 billion. If you include items, the free cash flow was negative by $94 million. The segments’ operating income was more than $2.2 billion combined before items at corporate.

The breakdown showed a net of $1.07 billion for its media networks, $468 million for parks and resorts, $312 million for consumer products, $375 million for its studio entertainment operations, and a -$13 million loss for its interactive media operations.

Disney does not offer guidance until later. Shares closed up 0.6% at $41.18 and its new 52-week high was hit today with the new range of the last year being $29.03 to $41.24. If the after-hours gains hold, there will be yet another 52-week high here. Shares are indicated up at $42.25 in the after-hours.

JON C. OGG

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