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Disney Earnings Gains Held Down by Studio Entertainment and Interactive Units
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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.
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