Entertainment giant The Walt Disney Company (
DIS ) late Thursday posted in-line fiscal fourth
quarter profits, although its revenue totals fell short of Wall
The Burbank, CA-based company reported fiscal fourth quarter net
income of $1.24 billion, or 68 cents per share, compared with $1.09
billion, or 58 cents per share, in the year-ago period.
Revenue rose 3.4% from last year to $10.78 billion.
On average, Wall Street analysts expected a matching profit of
68 cents per share, albeit on higher revenue of $10.92 billion.
Walt Disney shares fell $1.50, or -3%, in premarket trading
Friday. The stock has gained about 33% since the start of 2012.
The Bottom Line
Shares of Walt Disney ( DIS ) have a 1.20%
dividend yield, based on last night's closing stock price of
$50.04. The stock has technical support in the $45-$46 price area.
The stock is trading near all-time highs of $53 a share.
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 .