3 Media Stocks in Focus: Disney’s Strong Quarter, Lions Gate Beats Estimates, Comcast Goes Galactic

Walt Disney Co. (NYSE:DIS): Shares of Disney have recovered after a post-results dip, as earnings per share of 77 cents beat projections by 1 cent and revenue of $11.57 billion beat by $170 million. Parks and Resorts carried the company for the third quarter, beating estimates and leading the way with operating profit gains of 17 percent; ESPN once again outperformed, as well, as ad demand remained stable; Consumer Products and Disney Interactive saw healthy growth, too. Capital expenditures slowed to $2.8 billion from $3.8 billion for the year through September 28, as several theme park projects are nearing completion.

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