Disney’s Earnings Surge Propels Major Share Buybacks (DIS)

247wallst — Tue, 05 Feb 2008 16:24:35 +0000

The Walt Disney Company (NYSE:DIS) has posted earnings of $0.63 EPS, although excluding gains its EPS increased 29% to $0.63 for the quarter. It also posted $10.452 Billion in quarterly revenues. First Call had estimates at $0.52 EPS and $10.04 Billion in revenues.

Mickey Mouse and Hannah Montana also bought a more than a lot of Disney stock. During the first quarter of fiscal 2008, it repurchased some 31 million shares for $1.0 billion.

Disney shares closed down 2.7% at $30.07 in regular trading, yet shares are up over 4% to $31.35. Its 52-week trading range is $26.30 to $36.79.

Eiger just got signed to a new contract recently. It looks like he deserves whatever they are paying him.

Jon C. Ogg
February 5, 2008

24/7 Wall St. » Mickey Mouse

Disney’s Earnings Surge Propels Major Share Buybacks (DIS)