Walt Disney Reports Earnings

The Walt Disney Co. (DIS) reported earnings were nearly unchanged in the latest quarter, while revenue increased 4 percent thanks to an increase from Disney’s theme parks, resorts business and cable networks such as ESPN.

Disney reported earnings of $1.85 billion, or $1.01 per share, in the fiscal third quarter, which ended June 29. That compares with $1.83 billion, or $1.01 per share, a year earlier. Excluding one-time items, earnings were $1.03 per share in the latest quarter, surpassing Wall Street’s expectations.

Revenue came in at $11.6 billion, up from $11.1 billion.

Analysts had expected adjusted earnings of $1.01 per share on revenue of $11.7 billion.

The Walt Disney Co. (DIS).

The Walt Disney Co. (DIS) is up +34.67% year-to-date.

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