The Walt Disney Company Earnings Cheat Sheet: Income and Revenue Climb

S&P 500 (NYSE:SPY) component The Walt Disney Company (NYSE:DIS) reported net income above Wall Street’s expectations for the third quarter. Walt Disney Company is an entertainment company with operations in: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products.

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The Walt Disney Company Earnings Cheat Sheet for the Third Quarter

Results: Net income for the entertainment company rose to $1.48 billion (77 cents per share) vs. $1.33 billion (67 cents per share) in the same quarter a year earlier. This marks a rise of 10.9% from the year earlier quarter.

Revenue: Rose 6.7% to $10.68 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: DIS reported adjusted net income of 78 cents per share. By that measure, the company beat the mean estimate of 73 cents per share. It beat the average revenue estimate of $10.45 billion.

Quoting Management: “Our third quarter demonstrates the continued strength of our Media Networks, including ESPN, Parks and Resorts and Consumer Products,” said Robert A. Iger, President and CEO of The Walt Disney Company. “In these turbulent times, our company and its array of strong brands are well-positioned to deliver long-term shareholder value.”

Key Stats:

Revenue has now gone up for three straight quarters. In the second quarter, revenue rose 5.8% to $9.08 billion while the figure rose 10% in the first quarter from the year earlier.

The company topped expectations last quarter after falling short of forecasts in the second quarter with net income of 49 cents versus a mean estimate of net income of 57 cents per share.

The increase in profit last quarter comes after net income fell in the previous quarter. In the second quarter, net income declined 1.2% to $942 million.

Competitors to Watch: CBS Corporation (NYSE:CBS), News Corporation (NASDAQ:NWSA), Time Warner Inc. (NYSE:TWX), Comcast Corporation (NASDAQ:CMCSA), Journal Communications, Inc. (NYSE:JRN), Cumulus Media Inc. (NASDAQ:CMLS), Scripps Networks Interactive, Inc. (NYSE:SNI), Entravision Communication (NYSE:EVC), and Entercom Communications Corp. (NYSE:ETM).

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

(Source: Xignite Financials)