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
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
