Disney (DIS) Stock Dips Lower in After-Hours Trading, Revenue Below Projections
NEW YORK (TheStreet) -- The Walt Disney Co. (DIS) - Get Reportshares are down 0.62% to $112.04 in after-hours trading on Thursday immediately following the media giant's fourth quarter fiscal 2015 earnings results reported after the closing bell today. Earnings beat forecasts while revenue fell short.
For the quarter ended October 3, the company earned $1.20 cents a share on revenue of $13.51 billion.
Analysts had expected the entertainment and media company to earn $1.14 a share on revenue of $13.57 billion.
For the fourth quarter of 2014, the company earned 86 cents a share on revenue of $12.4 billion.
Year-over-year media networks sales increased 12% to $5.8 billion, parks and resorts revenues grew 10% to $4.4 billion, and consumer products revenues increased 11% to $1.2 billion.
However, interactive revenue dropped by $15 million to $347 million and revenue from studio entertainment was flat at $1.8 billion, the company said.
Separately, TheStreet Ratings team rates DISNEY (WALT) CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: DIS
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