Walt Disney Earnings were Stellar
Christmas came early for the Walt Disney Co. (NYSE:DIS) in its stellar fiscal fourth quarter earnings report.
Walt Disney’s profit jumped 30 percent thanks to improved ad sales, fees paid by cable operators at ESPN and high attendance at Disney theme parks.
The quarter’s earnings per share was $0.58 on $10.4 billion in sales as compared to the previous year’s earnings per share of $0.45 on $9.74 billion revenue.
This quarter’s earnings surpassed analysts’ estimates by $0.04 on $10.36 billion in revenues.
After the report had been released, Bob Iger, president and chief executive succinctly said, “The bottom line is we had a great quarter.”
Here’s how Disney closed today:
- Walt Disney Co. (NYSE:DIS): The shares recently traded at $36.12, down $0.58, or 1.58%. Its market capitalization is $63.65 billion. They have traded in a 52-week range of $28.19 to $44.34. Volume today was 9,631,899 shares versus a 3-month average volume of 13,057,500 shares. The company’s trailing P/E is 14.33, while trailing earnings are $2.52 per share. Get the most recent company news and stock data here >>