Media
Disney Earnings Gains Held Down by Studio Entertainment and Interactive Units
Published:
The Walt Disney Company (NYSE: DIS) no longer has to worry about the fight to split the roles of Chairman and CEO apart from Bob Iger, but now investors have another earnings report to deal with. On the heels of what was expected to be a large loss on the Lone Ranger expectations, Walt Disney’s second quarter earnings report came in at $1.03 in earnings per share and $11.58 billion in revenue.
Thomson Reuters was calling for the consensus estimates as to be $1.01 EPS and $11.64 billion, and the net translation is about 2% earnings growth (per share) on almost 5% sales growth.
Here is a breakdown of its key reported units for the quarter, with gains from a year ago:
Disney shares closed up 1.5% at $67.05 on Tuesday against a 52-week range of $46.53 to $67.89 and the consensus analyst stock price target before the impact of earnings was $71.93. Its market cap is now $120 billion. Its shares were indicated up, but only by 0.2% or so in the initial after-hours trading session.
The Average American Is Losing Momentum On Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4%1 today. Checking accounts are even worse.
But there is good news. To win qualified customers, some accounts are paying more than 7x 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 a $200 bonus and up to 7X the national average with qualifying deposits. Terms apply. Member, FDIC.
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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.