Disney (DIS) Tops Q3 EPS by 1c, Revenues Beat
(Updated - August 9, 2016 4:18 PM EDT)
Disney (NYSE: DIS) reported Q3 EPS of $1.62, $0.01 better than the analyst estimate of $1.61. Revenue for the quarter came in at $14.28 billion versus the consensus estimate of $14.15 billion.
“Disney delivered another quarter of double-digit EPS growth, and we are thrilled with our continued performance,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Our results are evidence that our asset mix is strong, as is our ability to execute in ways that enhance the Disney brand and create value for our shareholders while we invest for future growth.”
SEGMENT RESULTS
The following table summarizes the third quarter and nine-month segment operating results for fiscal 2016 and 2015 (in millions):
| Quarter Ended | Nine Months Ended | ||||||||||||||||||||||
| July 2,2016 | June 27,2015 | Change | July 2,2016 | June 27,2015 | Change | ||||||||||||||||||
| Revenues: | |||||||||||||||||||||||
| Media Networks | $ | 5,906 | $ | 5,768 | 2 | % | $ | 18,031 | $ | 17,438 | 3 | % | |||||||||||
| Parks and Resorts | 4,379 | 4,131 | 6 | % | 12,588 | 11,801 | 7 | % | |||||||||||||||
| Studio Entertainment | 2,847 | 2,040 | 40 | % | 7,630 | 5,583 | 37 | % | |||||||||||||||
| Consumer Products & Interactive Media | 1,145 | 1,162 | (1 | )% | 4,241 | 4,131 | 3 | % | |||||||||||||||
| $ | 14,277 | $ | 13,101 | 9 | % | $ | 42,490 | $ | 38,953 | 9 | % | ||||||||||||
| Segment operating income: | |||||||||||||||||||||||
| Media Networks | $ | 2,372 | $ | 2,378 | -- | % | $ | 6,083 | $ | 5,974 | 2 | % | |||||||||||
| Parks and Resorts | 994 | 922 | 8 | % | 2,599 | 2,293 | 13 | % | |||||||||||||||
| Studio Entertainment | 766 | 472 | 62 | % | 2,322 | 1,443 | 61 | % | |||||||||||||||
| Consumer Products & Interactive Media | 324 | 348 | (7 | )% | 1,541 | 1,437 | 7 | % | |||||||||||||||
| $ | 4,456 | $ | 4,120 | 8 | % | $ | 12,545 | $ | 11,147 | 13 | % | ||||||||||||
For earnings history and earnings-related data on Disney (DIS) click here.