Walt Disney Company Reports Modest Q4 Beat

The Walt Disney Company DIS reported earnings Thursday for its fourth quarter and fiscal year ended September 27, 2014.

Revenues for the year increased 8 percent to a record $48.8 billion and net income for the year increased 22 percent to a record $7.5 billion.

Revenue for the quarter came in at $12.389 billon, slightly above estimates of $12.37 billion and an increase of 7 percent over the prior year period revenue of $11.568 billion.

Excluding certain items affecting comparability EPS for the quarter increased 16 percent to $0.89, $0.01 above estimates of $0.88 and up from $0.77 in the prior-year quarter.

“Our results for Fiscal 2014 were the highest in the Company’s history, marking our fourth consecutive year of record performance,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “We’re obviously very pleased with this achievement and believe it reflects the extraordinary quality of our content and our unique ability to leverage success across the Company to create significant value, as well as our focus on embracing and adapting to emerging consumer trends and technology.”

The Walt Disney Company traded at 90.86 in the aftermarket, down 1.24 percent.

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