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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.”

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