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Disney: Fiscal 1Q Earnings Snapshot

February 5, 2019

BURBANK, Calif. (AP) _ The Walt Disney Co. (DIS) on Tuesday reported fiscal first-quarter earnings of $2.79 billion.

On a per-share basis, the Burbank, California-based company said it had profit of $1.86. Earnings, adjusted for pretax gains, came to $1.84 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The entertainment company posted revenue of $15.3 billion in the period.

Disney shares have risen roughly 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 9 percent. In the final minutes of trading on Tuesday, shares hit $112.61, an increase of roughly 8 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIS at https://www.zacks.com/ap/DIS