Disney: Fiscal 3Q Earnings Snapshot
BURBANK, Calif. (AP) _ The Walt Disney Co. (DIS) on Tuesday reported fiscal third-quarter earnings of $1.76 billion.
On a per-share basis, the Burbank, California-based company said it had net income of 97 cents. Earnings, adjusted for one-time gains and costs, were $1.35 per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The entertainment company posted revenue of $20.25 billion in the period.
Disney shares have climbed 29% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 15%. In the final minutes of trading on Tuesday, shares hit $141.94, an increase of 22% in the last 12 months.