Walt Disney Reports Mixed Earnings
Walt Disney (NYSE: DIS) released its fiscal third-quarter earnings results after the closing bell on Tuesday.
The company reported earnings per share that came in ahead of Wall Street consensus estimates, but revenue missed expectations. In late trade, the stock was last down around 1 percent to $66.40.
"We are pleased with the results we delivered in the third quarter," said Robert A. Iger, Chairman and CEO of The Walt Disney Company. "We are confident that our strategy of creating high-quality branded content positions us well for the future."
Fiscal Q3 Results
Walt Disney reported net income of $1.85 billion or $1.01 per share, compared to $1.83 billion or $1.01 per share, in last year's third-quarter.
Adjusted earnings were $1.03 per share, which was ahead of analysts' consensus EPS estimates of $1.01.
Revenue in the quarter rose 4 percent to $11.58 billion from $11.09 billion last year. This came up short of analysts' consensus revenue estimates of $11.64 billion.
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