Disney Turns In Mixed Results With Stock at 6 Month High (DIS)

The Walt Disney Co. (NYSE: DIS) reported some mixed earnings after the close of trading on Tuesday.  The DJIA component is closely watched for advertising spending in media and for entertainment dollars in movies, theme parks, toys, and merchandise.   Earnings were reported as $0.80 EPS on revenues of $10.78 billion.  Estimates for The Mouse House were $0.72 EPS and $11.2 billion in sales.  Big beat on the bottom-line, soft on the top-line.  The report may have been light due to a lack of films in the period.

Here are its unit sales:

• Media Networks $4.78 billion
• Parks & Resorts $3.16 billion
• Studio Entertainment $1.62 billion
• Consumer Products $948 million
• Interactive Media $279 million

Shares are indicated down about 2.5% from the close.  Keep in mind that the stock was back over $40.00 and closed up 1.3% at $40.98 on the day against a 52-week range of $28.19 to $44.34.  The high on Tuesday of $41.15 is a high not seen since last July.  That was a 6-month high.

JON C. OGG

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