Entertainment giant The Walt Disney Company (
) late Tuesday posted second quarter earnings that fell short of
analyst expectations, hurt by the box office failure of the "Mars
Needs Moms" movie.
The Burbank, CA-based company reported fiscal second quarter net
income of $942 million, or 49 cents per share, compared with $953
million, or 48 cents per share, in the year-ago period.
Revenue rose 6% from last year to $9.08 billion.
On average, Wall Street analysts expected a higher profit of 57
cents per share, on larger revenue of $9.12 billion.
The company noted that higher cable and broadcast revenue helped
offset a decline in theme park revenue, which was hampered by the
earthquake in Japan.
Disney shares fell $1.49, or -3.4%, in premarket trading
The Bottom Line
Shares of Walt Disney (
) have a 1.87% dividend yield, based on last night's closing stock
price of $43.91. The stock has technical support in the $40 price
area. The shares are trading near all-time highs and have little
The Walt Disney Company (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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