Jim Cramer: Disney's Being Too Transparent

Author:
Publish date:
Video Duration:
0

Disney (DIS) - Get Report also reported earnings after the bell Wednesday.

Adjusted earnings in the quarter were $1.61 a share, beating forecasts by 2 cents. Revenue of $14.92 billion beat analysts' estimates of $14.54 billion.

Disney said revenue from its parks, experiences and consumer products business rose 4.5% to $6.17 billion, beating estimates of $6 billion. Movie-studio revenue in the quarter was $2.13 billion.

Net profit for the quarter was $5.45 billion, or $3.56 a share, which included a gain of about $5 billion from its acquisition of a controlling interest in Hulu.

"[Bob Iger] is being too transparent," said Jim Cramer. "I don't care that much about it until the numbers are great. I don't want to see that it look, if it's a movie that spikes the numbers, fine. It's a pastiche if not a mosaic."

Watch Jim Cramer's Daily NYSE Show and Replays Below