Disney (DIS) was climbing higher in after hours trading Tuesday, following its better-than-anticipated third-quarter earnings report in which nearly every segment came in ahead of revenue and operating income expectations.
The company said it earned $1.28 a share on revenue of $12.5 billion. Analysts were looking for $1.17 a share on revenue of $12.2 billion.
Breaking down the individual segments, Media Networks' revenue of $5.51 billion was just below the $5.57 billion consensus, while operating income of $2.3 billion squeezed past the $2.25 billion Street estimate.
Parks and Resorts logged revenues of $3.98 billion and operating income of $848 million. Consensus was $3.96 billion in revenue and $786 million in operating income.
Studio Entertainment revenue of $1.81 billion beat the $1.66 billion consensus, while operating income of $411 million was well above the $255 million analysts expected.
Consumer products saw revenues of $902 million and operating income of $273 million. Consensus was $848 million and $256 million, respectively.
Interactive revenues of $266 million beat the $203 million consensus while operating income of $29 million was more than triple the $8 million estimate.
Analysts have continued to quantify the impact of blockbuster Frozen and Maleficent in recent months. In May Disney rose after it easily beat expectations as its logged record earnings in its second quarter.
The shares closed down in regular trading.
Updated: As of 4:40 the shares had given up earlier gains and were waffling between small gains and losses.
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