Walt Disney Co. (NYSE: DIS) released fiscal fourth-quarter financial results after markets closed Thursday. Strong results in the studio have helped Disney to post yet another strong quarter.
The Mouse House said that it had $1.48 in earnings per share (EPS) and $14.31 billion in revenue, compared with consensus estimates that called for $1.34 in EPS and $13.7 billion in revenue. The same period from last year had $1.07 in EPS and $12.78 billion in revenue.
In terms of its segments, the company reported:
- Media Networks revenues for the quarter increased 9% to $6.0 billion, and segment operating income increased 4% to $1.5 billion.
- Parks and Resorts revenues for the quarter increased 9% to $5.1 billion, and segment operating income increased 11% to $829 million. Operating income growth for the quarter was due to an increase at our domestic operations. Domestic results reflected the comparison to the adverse impact of Hurricane Irma, which occurred in the prior-year quarter.
- Studio Entertainment revenues for the quarter increased 50% to $2.2 billion and segment operating income increased $378 million to $596 million. The increase in operating income was due to growth in theatrical distribution, lower film cost impairments and higher TV/SVOD and home entertainment distribution results.
- Consumer Products & Interactive Media revenues for the quarter decreased 8% to $1.1 billion, and segment operating income decreased 10% to $337 million due to asset impairments and lower income from licensing activities, partially offset by lower general and administrative costs at our games business.
Bob Iger, board chair and chief executive, commented:
We’re very pleased with our financial performance in fiscal 2018, delivering record revenue, net income and earnings per share. We remain focused on the successful completion and integration of our 21st Century Fox acquisition and the further development of our direct-to-consumer business, including the highly anticipated launch of our Disney-branded streaming service late next year.
Shares of Disney closed Thursday at $116.09, with a consensus analyst price target of $120.49 and a 52-week range of $97.68 to $119.69. Following the announcement, the stock was up 1.3% at $117.64 in early trading indications Friday.
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.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.