Walt Disney: Q1 EPS above estimates

(CercleFinance.com) - Walt Disney has posted net income that is down 23% at 2.
13 billion dollars for Q1 2019-20, representing 1.17 dollar per share.
Excluding exceptional items, EPS fell by 17% to 1.53 dollar, although this still beat the consensus by six cents.

The entertainment giant saw its operating profit from segments increase by 9% to four billion dollars, for revenues that are up 36% to nearly 20.9 billion dollars, with in particular the success of "The Snow Queen II" and "Star Wars: The Ascension of Skywalker".

"The launch of Disney+, which has exceeded even our greatest expectations,” said Robert A. Iger, Chairman and Chief Executive Officer, "our direct-to-consumer services, including Disney+, ESPN+ and Hulu, position us well for continued growth in today's dynamic media environment."


Copyright (c) 2020 CercleFinance.com. All rights reserved.