Disney Beats All Earnings Estimates

Media

Published: February 5, 2013 4:24 pm

The Walt Disney Company (NYSE: DIS) is out with its fourth quarter earnings report. The entertainment and media giant has been challenging new highs and it now has the Star Wars brand to add to its revenue in future years. The company’s report was $0.79 in earnings per share excluding items and sales grew by 5% to $11.341 billion in revenue. Thomson Reuters had estimates for the so-called Mouse House at $0.76 per share and for 4% sales growth to $11.21 billion in revenue.

We would note that Star Wars is likely to not have any major impact in the near-term on Disney’s revenue and non-GAAP earnings but it will impact its expenses, balance sheet, and earnings in a negative manner ahead until it gets another Star Wars film behind it. Until then, Disney has many new film releases coming: Iron Man 3, Oz, Lone Ranger, and Monsters University.

Disney said that it had 7% sales growth to $5.1 billion in its Media Networks unit, its Parks and Resorts grew by 7% to $3.4 billion, and it saw 7% growth to $1 billion in its Consumer Products. Its interactive unit saw at a slower growth of 4% to $291 million and its Studio Entertainment sales were down by 5% to $1.5 billion.

Shares closed up by 0.7% at $54.28 versus a 52-week trading range of $40.20 to $54.87 and the consensus analyst price target from Thomson Reuters was $57.25.

The Average American Has No Idea How Much Money You Can Make Today ^(Sponsor)

The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.

But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.

Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.

¹https://www.fdic.gov/national-rates-and-rate-caps