Stock Market Watch

Disney’s Q4 Profit Rises 30%; Shares Gain After Hours Trading (DIS)

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walt disneyWalt Disney Co. (NYSE: DIS), after market close today, released its fourth-quarter financial results, posting a 30% increase in earnings. The company’s fourth-quarter earnings came in ahead of Street estimates, pushing shares in after-hours trading.

At last check, Disney shares were up 2.92% to $35.65 in after-hours trading. The stock closed 2.52% higher at $34.64 in regular trading earlier today.


The Burbank, California-based company reported fourth-quarter earnings of $1.09 billion, or $0.58 per share. Excluding one-time items, Disney’s earnings for the fourth quarter were $0.59 per share, above Street estimates of $0.54 per share. For the same period in the previous year, the company had reported earnings of $0.45 per share.

Disney’s revenue for the fourth quarter jumped 7% on a year-over-year basis to $10.43 billion. Analysts were expecting the company to report revenue of $10.36 billion for the quarter.

Bob Iger, CEO of Disney, said in a conference call that advertising, which accounts for 19% of the company’s total revenue had slowed a bit the last few weeks across the board but has been relatively strong this quarter compared with the same period a year ago.

Iger, who steps down as Disney CEO in March 2015, also said that fiscal 2011 was a great year financially and strategically, demonstrating the strength of the company’s brands and businesses with record revenue, net income and earnings per share. Iger added that the company is confident that it is well-positioned to deliver long-term value for its shareholders with its focus on quality content, compelling uses of technology and global asset growth.

For the full fiscal year, Disney’s earnings per share rose 24% to $2.52. The company’s Media Networks revenue for the year rose 9%, while its Parks and Resorts revenue for the year rose 10%.

 

 

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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