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Disney Shares Dip After Q3 Revenue Miss (DIS)

By Dividend.com,  August 07, 2012, 04:54:14 PM EDT

Shares of Walt Disney ( DIS ) are down nearly 1% after-hours after the entertainment giant beat analyst estimates but fell short on the revenue side.

The company beat EPS estimates by 8 cents, but revenue rose 4 percent to $11.09 billion, shy of the $11.32 billion expected by analysts. Most of the revenue concerns centered around the disney studio entertainment division, which saw a boost at the box office from "The Avengers" hit, but dvd sales for "John Carter" and "The Muppets" lagged.

The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.20% dividend yield, based on today's closing stock price of $49.81. The stock has technical support in the $45-$46 price area. The shares are trading right near all-time highs.

Walt Disney ( DIS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: DIS



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