Disney Reports Mixed Quarterly Results Sending Shares Lower
Disney posted earnings of $1.50 per share topping estimates of $1.41. Revenue of $13.34 billion, missing estimates of $13.45 billion.
Disney (DIS) - Get Report posted earnings of $1.50 per share topping estimates of $1.41. Revenue of $13.34 billion, missing estimates of $13.45 billion.
Media networks as a whole, saw a 3% rise in revenue year-over-year to roughly $5.9 billion. Cable networks, which includes ESPN, saw revenue rise 3%.
Parks and resorts revenue was up 9% to roughly $4.3 billion -- while operating income rose 20%. Studio entertainment revenue fell 1% to roughly $2 billion.
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