Walt Disney: Q4 falls short of expectations.
(CercleFinance.com) - On Thursday night, Walt Disney reported Q4 2016/17 earnings that were down 1% at 1.
7 billion dollars, or 1.13 dollar per share.
Excluding extraordinary items, EPS fell by 3% to 1.07 dollar, ten cents short of the consensus.
The entertainment giant saw its operating income of its different segments shrink 11% to 2.8 billion dollars, on revenues that were down 3% at 12.8 billion dollars, mainly burdened by a 21% drop in revenues of its movie studios.
Robert Iger, Chairman and CEO said, “We look forward to launching our first direct-to-consumer streaming service in the new year, and we will continue to invest for the future and take the smart risks required to deliver shareholder value.”
Copyright (c) 2017 CercleFinance.com. All rights reserved.
7 billion dollars, or 1.13 dollar per share.
Excluding extraordinary items, EPS fell by 3% to 1.07 dollar, ten cents short of the consensus.
The entertainment giant saw its operating income of its different segments shrink 11% to 2.8 billion dollars, on revenues that were down 3% at 12.8 billion dollars, mainly burdened by a 21% drop in revenues of its movie studios.
Robert Iger, Chairman and CEO said, “We look forward to launching our first direct-to-consumer streaming service in the new year, and we will continue to invest for the future and take the smart risks required to deliver shareholder value.”
Copyright (c) 2017 CercleFinance.com. All rights reserved.