Entertainment giant The Walt Disney Company (
) late Tuesday posted fiscal second quarter earnings that jumped
21% from last year, beating Wall Street expectations.
The Burbank, CA-based company reported fiscal second quarter net
income of $1.14 billion, or 63 cents per share, compared with $942
million, or 49 cents per share, in the year-ago period. Excluding
one-time items, adjusted profit was 58 cents per share.
Revenue rose 6% from last year to $9.629 billion.
On average, Wall Street analysts expected a smaller profit of 55
cents per share, on lower revenue of $9.56 billion.
Disney shares closed up 54 cents, or +1.2%, in Tuesday
The Bottom Line
Shares of Walt Disney Company (
) have a 1.35% dividend yield, based on today's closing stock price
of $44.30. The stock has technical support in the $40 price area.
The shares are trading at all-time highs.
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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