The Walt Disney Company's Profit Moves Up

The Walt Disney Company (NYSE: DIS) saw its profit rise in the most recent quarter, coming up above estimates. To gain insight into why the company reported as it did, investors might review the company's industry, financials, and commentary.

Earnings and Revenue:
Investors cheered The Walt Disney Company's latest numbers as the company announced EPS and revenues that topped predictions. The company reported EPS of 58 cents/share versus the 55 cents/share estimate and revenues of $10.43 billion versus the $10.36 billion estimate. EPS rose 34.9% while revenue climbed 7% from the same period last year.
The Walt Disney Company's revenue has grown during each of the past four quarters on a year-over-year basis.

Income:
Over the past year, The Walt Disney Company reported net income of $2.53/share. The company trumped analyst projections of $2.46 by 2.8%. According to the reported number, the company's income rose 30.2% from last year's levels.

Conference Call:
The conference call for fourth quarter earnings can be accessed here.

Official Comment:
"Fiscal 2011 was a great year financially and strategically, demonstrating the strength of our brands and businesses with record revenue, net income and earnings per share," said Disney President and CEO Robert A. Iger. "We are confident the Company is well-positioned to deliver long-term value for our shareholders with our focus on quality content, compelling uses of technology and global asset growth."

Industry:
With price/earnings growth of 1.3%, The Walt Disney Company's industry, media conglomerate, is expanding.

What to Do Next:
Now you're all set to decide what to do with those The Walt Disney Company shares until the next earnings announcement. Whether you buy, sell, or hold, check back with us before the company's next earnings release for a full preview.

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• To see up-to-date news on The Walt Disney Company, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here

(Estimates Source: Zacks)