The Walt Disney Company (DIS - Free Report) just released its fourth-quarter earnings results, posting earnings of $1.10 per share and revenue of $13.52 billion.
Currently, DIS has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Missed earnings estimates. The company posted earnings of $1.10 per share, just edging out our Zacks Consensus Estimate of $1.15.
Missed revenue estimates. The company saw revenue figures of $13.14 billion, missing our estimate of $13.47 billion.
Media Networks revenue fell 3% to $5.658 billion. This was pushed by a 7% drop in cable networks revenue, which fell to $3.9 billion. The company stayed silent on specific ESPN numbers, but it did mention that a “decline in subscribers” for the channel contributed to lower revenue.
Studio Entertainment revenue grew 2% to $1.811 billion, while Parks and Resorts revenue grew 1% to $4.386 billion.
DIS was down 2.67% to $92.42 as of 5:03 p.m. EST in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Disney’s latest earnings performance:
The Walt Disney Company, together with its subsidiaries and affiliates, is a leading diversified international family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media.
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