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Disney Earnings Follow-Up

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The Walt Disney Company (NYSE: DIS) reported its fourth quarter and full year earnings for fiscal 2013.

Fourth Quarter Earnings:

  • Disney reported Q4 EPS of $0.77 versus $0.76 estimate and revenue of $11.60 billion versus $11.40 billion estimate. EPS were up 13 percent from the same quarter last year and sales were up 8 percent year over year.
  • Media networks revenue increased 1 percent to $4.9 billion. Media network segment operating income was $1.4 billion, an 8 percent decrease.
  • Revenues increased 5 percent to $20.4 billion segment operating income increased 3 percent to $6.8 billion.
  • Cable network operating income decreased to $95 million.
  • Broadcasting operating income decreased $34 million to $158 million based on an increase in primetime programming costs.
  • Park and Resorts revenues increased to $3.7 billion, and operating income increased to $571 million.

Full Year Earnings:

  • Revenue was a record $45 billion, up 7 percent.
  • EPS were also record high at $3.38 versus $3.13 last year, an 8 percent increase.
  • Cable network operating income increased $343 million to $6 billion due to ESPN growth.
  • Broadcasting operating income decreased $144 million to $771 million based on an increase in primetime programming costs and lower program sales.
  • Park and Resorts revenues increased to $14.1 billion, and operating income increased to $2.2 billion.

Posted-In: Earnings News

 

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