Walt Disney’s Q2 Earnings Miss the Mark (DIS)

By Dividend.com Staff,

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Entertainment giant The Walt Disney Company ( DIS ) 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 Wednesday.

The Bottom Line
Shares of Walt Disney ( DIS ) 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 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

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