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Disney (DIS), Yelp (YELP) and Others Pitch in Quarterly Earnings
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Although we've passed peak Q2 earnings season, we have heard from a handful of notable companies after the bell. The Walt Disney Company (DIS - Free Report) was joined by Internet service Yelp, Inc. (YELP - Free Report) watchmaker/retail accessories company Fossil (FOSL - Free Report) and Cyber-ark Software (CYBR - Free Report) .
Disney beat fiscal Q3 earnings estimates by a penny to $1.62 per share on revenues of $14.277 billion, outperforming the $14.17 billion expected. This represents 9% year over year sales growth and 10% growth in earnings from a year ago. Growth at ESPN helped the Media business grow revenues by 1%, studios were bolstered by a pair of hit movies in Q2 -- Captain America and Finding Dory -- and Parks & Resorts also performed well considering challenges including a Star Wars-based feature currently under construction.
The entertainment conglomerate also bought into digital streaming service Bamtech for $1 billion, with an option to buy a majority stake. Also, all TV networks offered by Disney will now be included in all DirecTV packages. For more on Disney's earnings results, click here.
Yelp swung to a profit on its Q2 bottom line to 1 cent per share from the -7 cents expected. Revenues were also better than expected at $173 million, topping the $169.65 million in the Zacks consensus. Local ad accounts grew 32% year over year, bringing in 41% higher revenues. Guidance for Q3 and fiscal 2016 rose significantly; the low end of both ranges are higher than the Zacks consensus estimates. Shares popped more than 6% on the news. For more on Yelp's earnings report, click here.
Fossil also posted positive surprises on both earnings and sales. The specialty retailer beat on the bottom line by 3 cents to 12 cents per share, and sales of $685 million topped the $674 million expected. However, comps were down 3% on weaker net sales in the Americas. Fossil also guided much lower for fiscal Q3. That said, the headline beats really boosted the stock in late trading, as FOSL shares are up 10%. For more on FOSL's earnings results, click here.
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Disney (DIS), Yelp (YELP) and Others Pitch in Quarterly Earnings
Although we've passed peak Q2 earnings season, we have heard from a handful of notable companies after the bell. The Walt Disney Company (DIS - Free Report) was joined by Internet service Yelp, Inc. (YELP - Free Report) watchmaker/retail accessories company Fossil (FOSL - Free Report) and Cyber-ark Software (CYBR - Free Report) .
Disney beat fiscal Q3 earnings estimates by a penny to $1.62 per share on revenues of $14.277 billion, outperforming the $14.17 billion expected. This represents 9% year over year sales growth and 10% growth in earnings from a year ago. Growth at ESPN helped the Media business grow revenues by 1%, studios were bolstered by a pair of hit movies in Q2 -- Captain America and Finding Dory -- and Parks & Resorts also performed well considering challenges including a Star Wars-based feature currently under construction.
The entertainment conglomerate also bought into digital streaming service Bamtech for $1 billion, with an option to buy a majority stake. Also, all TV networks offered by Disney will now be included in all DirecTV packages. For more on Disney's earnings results, click here.
Yelp swung to a profit on its Q2 bottom line to 1 cent per share from the -7 cents expected. Revenues were also better than expected at $173 million, topping the $169.65 million in the Zacks consensus. Local ad accounts grew 32% year over year, bringing in 41% higher revenues. Guidance for Q3 and fiscal 2016 rose significantly; the low end of both ranges are higher than the Zacks consensus estimates. Shares popped more than 6% on the news. For more on Yelp's earnings report, click here.
Fossil also posted positive surprises on both earnings and sales. The specialty retailer beat on the bottom line by 3 cents to 12 cents per share, and sales of $685 million topped the $674 million expected. However, comps were down 3% on weaker net sales in the Americas. Fossil also guided much lower for fiscal Q3. That said, the headline beats really boosted the stock in late trading, as FOSL shares are up 10%. For more on FOSL's earnings results, click here.
Finally, Cyber-ark also posted beats on its top and bottom lines, but have fallen off in after-hours trading due to weaker guidance. For more on CYBR's earnings results, click here.