Shares in major media companies declined sharply earlier this week after Time Warner reduced its profit expectations for the coming year, in part because of the need to invest more in technology to keep pace with digital TV viewing.
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According to Zacks, “Disney’s positive earnings surprise streak continues in third-quarter fiscal 2015 also, wherein earnings of $1.45 per share rose 13% year over year and easily beat the Zacks Consensus Estimate”.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director of Walt Disney Co/, Chen John S sold 6,000 shares at $101.97 on August 31, 2015.
Based out of, Walt Disney has n/a employees and is helmed by CEO. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
Bank Pictet & Cie (Asia) Ltd holds 26.14% of its portfolio in Walt Disney Co for 67,520 shares. The same period from the previous year had $0.89 in EPS on $12.39 billion in revenue. Glu Mobile posted non-GAAP revenue of $64.4 million and non-GAAP income of $7.7 million or 6 cents per share. The firm has a market cap of $191.15 billion and a price-to-earnings ratio of 23.58.
Walt Disney (DIS) announced its quarterly earnings results on Thursday, Nov-5-2015.
Walt Disney’s net income was 95 cents per share, a 10% increase from last year’s 86 cents per share. Walt Disney has a 12 month low of $88.65 and a 12 month high of $122.08. Ten analysts have provided estimates for Walt Disney’s earnings.
The Walt Disney Company (NYSE:DIS) shares will open today at 113.24 after closing yesterday at 115.54. Shares ended the Thursday trading session virtually flat at $113.
The Walt Disney Company collectively with affiliates and its subsidiaries is a diversified worldwide family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. On November 7, 2012, the Company sold its 50% equity interest in ESPN STAR Sports (ESS).
Walt Disney (NYSE:DIS) last issued its quarterly earnings data on Tuesday, August 4th.
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Speculation prior to the report was laden with both hopes and fears – the former over the pending release in December of the first “Star Wars” film since Disney’s purchase of Lucasfilm put it in control of the franchise, the latter tied to growing concerns that consumers are ditching cable TV packages that have been a bulwark of the conglomerates profits. Disney Consumer Products (DCP) delivers merchandise experiences across thousands of categories from toys and clothes to novels and fine art. Disney Interactive is a creator of interactive entertainment across all current and emerging digital media platforms.
