THIS IS WHY THEY DONT HAVE TO CARE (AT THE MOMENT)

[Travisma 1,317]

Disney Beats Street 2Q Forecasts

 

 

The Walt Disney Co. (DIS) on Tuesday reported fiscal second-quarter earnings of $2.11 billion.

On a per-share basis, the Burbank, California-based company said it had net income of $1.23.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The entertainment company posted revenue of $12.46 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $12.24 billion.

Disney shares have risen 18 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 3 percent. The stock has risen 38 percent in the last 12 months.

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Walt Disney delivered quarterly earnings and revenue that topped analysts' expectations on Tuesday.

 

Shares of Disney moved higher in premarket trading following the report. (Click here to track its share price)

The entertainment giant posted fiscal second quarter earnings of $1.23 per share, up from $1.11 a share in the year-earlier period.

Revenue rose to $12.46 billion from $11.65 billion a year ago.

Wall Street expected the company to deliver quarterly earnings per share of $1.11 on $12.25 billion in revenue, according to a consensus estimate from Thompson Reuters.

The company reported parks and resorts revenue of $3.76 billion in the quarter, while media networks revenue totaled $5.81 billion.

Last week, Disney-owned network ESPN, sued cable company Verizon in New York State court for allegedly breaching the distribution contract Verizon has with ESPN. Verizon recently rolled out a new TV plan breaking the traditional cable bundle and offering customers a slimmed-down package of channels, including ESPN.

Disney and Marvel's "Avengers" Age of Ultron" earned an eye-popping $187.7 million in its weekend debut, making it the second biggest U.S. opening of all time according to Rentrak estimates.

Disney's stock has risen 17.84 percent year to date.

 

 

 

So until their earnings drop dramatically, nothing will change.

 And since the Parks/Resorts are just a piece of the pie, they can afford to spill some crumbs off of 1 piece and the others will take up the slack.

 

 

 

 

[h2odivers...Ray 952]

I love my Disney stocks.

It's funny how often the so called experts are wrong.

[southernview -- Ray 25]

One thing is for sure--this company does not have to be concerned with any complaints unless they just want to do so.  Understand that I am not anti-Disney, but what I am saying is that the average patron shouldn't be surprised by poorer service or ever increasing prices. 

 

Looks like I need to call my broker and see about getting in on the fun.

[Clark W Griswold 24]

We have a modest number of shares ourselves. I wouldn't mind a smaller return on my investment for more humane treatment of employees such as the IT people recently laid off...Unfortunately those of us who own small numbers of shares really have no voice...