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

By
A A A
Share |

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 The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: DIS

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

FordLoop8.Mov
FordLoop8.Mov                       

Stocks

Referenced

90%

Most Active by Volume

122,762,267
  • $15.81 ▼ 1.43%
62,277,320
  • $8.50 ▼ 6.80%
58,664,622
  • $128.46 ▼ 1.50%
48,473,163
  • $25.99 ▲ 0.39%
36,433,239
  • $5.12 ▲ 7.34%
35,593,669
  • $6.63 ▲ 5.41%
30,823,989
  • $16.68 ▼ 3.02%
30,676,302
    $2.08 unch
As of 2/27/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com