Walt Disney Earnings: Another Record Year Impresses Wall Street Analysts
Walt Disney Co. (NYSE:DIS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.68%.
Walt Disney Co. Earnings Cheat Sheet
Results: Net income decreased -5.74% to $1.38 billion (79 cents per diluted share) in the quarter versus a net gain of $1.46 billion in the year-earlier quarter.
Revenue: Rose 5.2% to $11.34 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Walt Disney Co. reported adjusted net income of 79 cents per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $11.21 billion.
Quoting Management: “After delivering another record year of growth in 2012, we’re off to a solid start in Fiscal 2013,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company…