Disney stock has been trading at record highs -- here's how it's moving after reporting earnings:
Walt Disney Co. handily beat earnings expectations even after stripping out big gains from an acquisition in a quarterly report Wednesday, but movie-studio revenue slipped ahead of a coming windfall.
Disney reported earnings for the fiscal second quarter — which ended before “Endgame” began raking in big bucks, but did include returns from the prequel “Captain Marvel” — of $5.45 billion, or $3.56 a share, on sales of $14.92 billion, up from $14.55 billion a year ago. Much of the big beat was from a noncash gain of nearly $5 billion from its acquisition of a controlling interest in the Hulu streaming service.
Disney reported movie-studio revenue of $2.13 billion; television revenue of $5.52 billion, with $3.71 billion attributed to cable networks and $1.82 billion to broadcast networks; theme-park revenue of $6.17 billion; and direct-to-consumer sales of $955 million. Analysts on average expected TV revenue of $5.66 billion, movie-studio revenue of $2.27 billion, theme-park revenue of $6.06 billion, and direct-to-consumer sales of $1.1 billion, according to FactSet.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney to sell Fox regional sports networks to Sinclair for $9.6 billionWalt Disney Co said on Friday it would sell its interests in 21 regional sports ...
Read more »
Disney delays 'Avatar 2,' sets dates for new 'Star Wars' filmsWalt Disney Co on Tuesday pushed back the release of James Cameron's sequel...
Read more »
Disney delays 'Avatar 2,' sets dates for three 'Star Wars' filmsWalt Disney Co on Tuesday pushed back the release of science-fiction sequel &quo...
Read more »
Disney delays 'Avatar 2,' sets dates for three 'Star Wars' filmsDisney acquired the 'Avatar' franchise and several other films through its recent purchase of film and TV assets from Rupert Murdoch’s 21st Century Fox.
Read more »
Alan Bergman promoted to co-chair of Disney Studios; Alan Horn adds chief creative officer titleLongtime Walt Disney Studios executive Alan Bergman is getting a higher profile at the expanding Burbank entertainment company. He has been named co-Chairman of Walt Disney Co.’s studio entertainment division, a title he will share with Alan Horn.
Read more »
'Avengers' Box Office: Why Disney Might Not Want 'Endgame' To Top 'Force Awakens' And 'Avatar''Avatar 2' will be harder to sell next year if 'Avatar' is no longer the biggest global grosser ever.
Read more »
'Avengers' Box Office: Why Disney Might Not Want 'Endgame' To Top 'Force Awakens' And 'Avatar''Avatar 2' will be harder to sell next year if 'Avatar' is no longer the biggest global grosser ever.
Read more »