Disney (DIS) - Get Report reported revenue of $15.3 billion, topping analyst estimates of $15.05 billion, on adjusted earnings of $1.84 per share, better than the $1.55 analysts expected. The company is Real Money's stock of the day.
Media networks revenue and operating income both rose 7%. Disney also reported media network revenue of $5.9 billion.
"After a solid first quarter, with diluted EPS of $1.86, we look forward to the transformative year ahead, including the successful completion of our 21st Century Fox acquisition and the launch of our Disney+ streaming service," said Robert Iger, Disney's Chairman and Chief Executive Officer. "Building a robust direct-to-consumer business is our top priority, and we continue to invest in exceptional content and innovative technology to drive our success in this space."
After the results, the AAP team assessed the numbers and noted: "We believe the quarter to be largely positive, despite the segment revenue misses thanks to improved operating efficiencies leading to better than expected operating margins across the board."
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