Walt Disney: mixed Q3 publication.
(CercleFinance.com) - On Tuesday night Walt Disney announced Q3 earnings that are down 9% at 2.
4 billion dollars, or 1.51 dollar per share.
Excluding extraordinary items, EPS fell by 2% to 1.58 dollar, beating the consensus by two cents.
However, the entertainment giant missed the consensus in terms of revenues, which came in almost flat at just over 14.3 billion dollars (vs. the consensus of 14.5 billion dollars).
The growth in revenues in its theme park division (+12%) was offset by declines at its media businesses (-1%), interactive consumer goods (-5%), and above all, studios (-16%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
4 billion dollars, or 1.51 dollar per share.
Excluding extraordinary items, EPS fell by 2% to 1.58 dollar, beating the consensus by two cents.
However, the entertainment giant missed the consensus in terms of revenues, which came in almost flat at just over 14.3 billion dollars (vs. the consensus of 14.5 billion dollars).
The growth in revenues in its theme park division (+12%) was offset by declines at its media businesses (-1%), interactive consumer goods (-5%), and above all, studios (-16%).
Copyright (c) 2017 CercleFinance.com. All rights reserved.