Disney earnings dazzle on a big year at the movies
Disney earnings in the March quarter came to $1.23 per share, beating the $1.11 expected by analysts. Revenue rose 7 percent to $12.46 billion, also topping estimates for $12.28 billion. Disney shares have risen 18 percent since the beginning of 2015.
Disney earnings in the March quarter came to $1.23 per share, beating the $1.11 expected by analysts. Revenue rose 7 percent to $12.46 billion, also topping estimates for $12.28 billion. Disney shares have risen 18 percent since the beginning of 2015.
The pump is primed at聽Disney聽to reap the benefits of a big year at the movies.
With its Marvel movie "Avengers: Age of Ultron" just having notched the second-biggest domestic opening weekend of all-time and a new "Star Wars" movie coming this winter, analysts expect the company to post not only good movie studio results but also a big uptick in consumer products revenue and profits.
The second-quarter results were off to a good start. Earnings in the March quarter came to $1.23 per share, beating the $1.11 expected by analysts. Revenue rose 7 percent to $12.46 billion, also topping estimates for $12.28 billion.
Disney聽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.
A portion of the company's second-quarter earnings release is below:聽
Shares of Walt Disney Co. (DIS) were up 0.53 percent in mid-morning trading on Tuesday.聽