Disney Beats Estimates, Investors Not Impressed
Walt Disney Co. (NYSE: DIS) reported a third-quarter EPS of $1.01, beating the estimated $0.93 number that Wall Street was expecting by 8.6 percent.
Disney revenues of $11.1 billion came in below the $11.3 billion that Wall Street had anticipated.
Investors are not impressed with these results. While Disney shares had closed up this afternoon, the company is currently dropping more than one percent during the after hours session.
Disney's earnings come after the studio released Marvel's The Avengers, which has gone on to become the biggest film of the year, earning more than $600 million domestically and more than $1.4 billion worldwide.
The studio also announced that its third-quarter media networks revenues at $5.08 billion; parks and resorts revenue totaled $3.44 billion; studio entertainment revenue reached $1.63 billion; and consumer products revenue came in at $742 million.
"Interactive revenue," which refers to the company's gaming division (among other interactive forms of entertainment that the company produces) was $196 million.
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