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Disney (DIS) Beats Earnings Estimates on Robust Parks & Resorts Growth
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The Walt Disney Company (DIS - Free Report) just released its fiscal first-quarter financial results, posting adjusted earnings of $1.89 per share and revenues of $15.351 billion.
Currently, DIS is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently up 0.79% to $107.01 per share in after-hours trading shortly after its earnings report was released.
Disney:
Beat earnings estimates. The company posted adjusted earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.62 per share. Including a $1.6 billion one-time tax benefit related to the U.S. tax reform bill, Disney saw earnings of $2.91 per share.
Beat revenue estimates. The company saw revenue figures of $15.351 billion, beating our consensus estimate of $15.24 billion.
Total revenues were up about 4% year-over-year. Media Networks revenues came in at $6.243 billion, basically flat from the year-ago period. Parks and Resorts revenues climbed 13% to hit $5.154 billion. Studio Entertainment revenues slumped about 1% to $2.504 billion. Consumer Products & Interactive Media revenues totaled $1.450 billion, down about 2% year-over-year.
Operating income at the Cable Networks segment of the Media Networks business decreased 1% to $0.9 billion. Disney cited a loss at BAMTech and a decline at ESPN, partially offset by growth at Disney Channels and Freeform, for this drop.
“The strategic investments we’ve made have driven meaningful growth over the long term, and we remain confident in our ability to continue to deliver significant shareholder value,” CEO Bob Iger.
Here’s a graph that looks at Disney’s recent earnings performance:
Walt Disney Company (The) Price, Consensus and EPS Surprise
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.
Check back later for our full analysis on Disney’s earnings report!
Want more analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Disney (DIS) Beats Earnings Estimates on Robust Parks & Resorts Growth
The Walt Disney Company (DIS - Free Report) just released its fiscal first-quarter financial results, posting adjusted earnings of $1.89 per share and revenues of $15.351 billion.
Currently, DIS is a Zacks Rank #3 (Hold), but that could change based on today’s results. The stock is currently up 0.79% to $107.01 per share in after-hours trading shortly after its earnings report was released.
Disney:
Beat earnings estimates. The company posted adjusted earnings of $1.89 per share, beating the Zacks Consensus Estimate of $1.62 per share. Including a $1.6 billion one-time tax benefit related to the U.S. tax reform bill, Disney saw earnings of $2.91 per share.
Beat revenue estimates. The company saw revenue figures of $15.351 billion, beating our consensus estimate of $15.24 billion.
Total revenues were up about 4% year-over-year. Media Networks revenues came in at $6.243 billion, basically flat from the year-ago period. Parks and Resorts revenues climbed 13% to hit $5.154 billion. Studio Entertainment revenues slumped about 1% to $2.504 billion. Consumer Products & Interactive Media revenues totaled $1.450 billion, down about 2% year-over-year.
Operating income at the Cable Networks segment of the Media Networks business decreased 1% to $0.9 billion. Disney cited a loss at BAMTech and a decline at ESPN, partially offset by growth at Disney Channels and Freeform, for this drop.
“The strategic investments we’ve made have driven meaningful growth over the long term, and we remain confident in our ability to continue to deliver significant shareholder value,” CEO Bob Iger.
Here’s a graph that looks at Disney’s recent earnings performance:
Walt Disney Company (The) Price, Consensus and EPS Surprise
Walt Disney Company (The) Price, Consensus and EPS Surprise | Walt Disney Company (The) Quote
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.
Check back later for our full analysis on Disney’s earnings report!
Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>