Disney Shares Pop on Solid Q1 Earnings (DIS)

By Dividend.com Staff,

Shutterstock photo

Entertainment giant The Walt Disney Company ( DIS ) on Wednesday said its fiscal first quarter profit jumped 54% from last year, beating analyst estimates and sending its shares higher in premarket trading.

The Burbank, CA-based company reported fiscal first quarter net income of $1.3 billion, or 68 cents per share, compared with $844 million, or 44 cents per share, in the year-ago period.

Revenue rose 10% from last year to $10.7 billion.

On average, Wall Street analysts expected a much smaller profit of 56 cents per share, on lower revenue of $10.5 billion.

Disney shares rose $1.47, or +3.6%, in premarket trading Wednesday.

The Bottom Line
Shares of Walt Disney ( DIS ) have a .97% dividend yield, based on last night's closing stock price of $41.18. The stock has technical support in the $38 price area. The shares are trading at all-time highs and have a little overhead resistance.

The Walt Disney Company ( 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 Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: DIS

More from Dividend.com



Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com