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Disney’s Earnings Marvel, No Mickey Mouse Report (DIS)

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By Jon C. Ogg Updated Published
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The Walt Disney Company (NYSE: DIS) is finding some love after The Mouse House managed to beat earnings handily.  The entertainment and media giant, and DJIA component, reported earnings for its first quarter of $0.68 EPS and revenue of $10.72 billion.  Thomson Reuters had estimates of  $0.56 estimates $10.52 billion in revenues.

Its net for the quarter was about $1.3 billion and cash from operations was $1.12 billion.  If you include items, the free cash flow was negative by $94 million.  The segments’ operating income was more than $2.2 billion combined before items at corporate.

The breakdown  showed a net of $1.07 billion for its media networks, $468 million for parks and resorts, $312 million for consumer products, $375 million for its studio entertainment operations, and a -$13 million loss for its interactive media operations.

Disney does not offer guidance until later. Shares closed up 0.6% at $41.18 and its new 52-week high was hit today with the new range of the last year being $29.03 to $41.24.  If the after-hours gains hold, there will be yet another 52-week high here.  Shares are indicated up at $42.25 in the after-hours.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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