Walt Disney’s Q2 Profit Climbs 21%, Topping View (DIS)

By Dividend.com Staff,

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Entertainment giant The Walt Disney Company ( DIS ) 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 trading.

The Bottom Line
Shares of Walt Disney Company ( DIS ) 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 ( 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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