Disney Earnings Gains Held Down by Studio Entertainment and Interactive Units

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:

• Media Networks $5.352 billion in sales, up 5%, with operating income up 8% to $2.0 billion.
• Parks and Resorts $3.678 billion in sales, up 7%, with operating income up 9% to $689 million.
• Studio Entertainment $1.590 billion in sales, down 2%, with operating income down a sharp 36% to $201 million.
• Consumer Products $775 million in sales, up 4%, with operating income up 5% to $219 million.
• Interactive $183 million in sales, down 7%, with operating income down another 38% to a loss of -$58 million.

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.