Walt Disney Posts Impressive Results (DIS)

Walt Disney (NYSE: DIS) reported impressive quarterly results after the closing bell today, beating Wall Street estimates. Walt Disney (DIS) recorded $0.47 in EPS excluding one-time items in comparison to analysts’ estimate of $0.38.

Revenues came in at $9.74 billion which surpassed the $9.646 billion estimates. Net income for the first quarter stood at $844 million, which was slightly down from $845 million in the year ago period. According to Jason Helfstein, analyst with Oppenheimer, Walt Disney studio posted particularly good results. Segment operating income for Walt Disney studio rose by 30 percent to $243 million.