Disney: Fiscal 1Q Earnings Snapshot
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.