Disneys Grows All Segment Revenues (DIS)

The current quarter included a gain that came from the sale of the Power Rangers property of $43 million and also included restructuring and impairment charges of $36 million.  Collectively, the items had no net impact on EPS.

While Disney said its two highlights led the results, all areas grew in revenues:

• Media Networks grew 19% to $4.729 billion;
• Parks & Resorts grew 3% to $2.831 billion;
• Studio Entertainment grew 30% to $1.639 billion;
• Consumer Products grew 19% to $606 million;
• Interactive Media grew 74% to $197 million.

Disney shares rose 0.37% to $35.29 in regular trading and the after-hours reaction has shares up around $35.80.  The 52-week trading range is $24.89 to $37.98.  At 4:15 PM EST there had been some 350,000 shares traded in Disney.

Formal guidance was not yet seen, so we’d treat this as ongoing business until Bob Iger offers up what Mickey and friends will bring in the fourth quarter and what the goals are into 2011.

JON C. OGG