Walt Disney (DIS) Tops Q3 EPS by 12c
Walt Disney (NYSE: DIS) reported Q3 EPS of $1.28, $0.12 better than the analyst estimate of $1.16. Revenue for the quarter came in at $12.47 billion versus the consensus estimate of $12.17 billion.
“Our strategy of building strong brands and franchises continues to create great value across our company,” said Robert A. Iger, chairman and CEO of The Walt Disney Company. “This quarter we delivered the highest EPS in the company’s history, and we’ve now generated greater EPS in the first three quarters of FY 2014 than we have in any previous full fiscal year. We’re extremely pleased with these results and we are also thrilled with the spectacular performance of Guardians of the Galaxy, which holds great promise as a new franchise for our company and once again reinforces the tremendous value of Marvel.”
The following table summarizes the third quarter and nine-month segment operating results for fiscal 2014 and 2013 (in millions):
| Quarter Ended | Nine Months Ended | ||||||||||||||||||||||
| June 28,2014 | June 29,2013 | Change | June 28,2014 | June 29,2013 | Change | ||||||||||||||||||
| Revenues: | |||||||||||||||||||||||
| Media Networks | $ | 5,511 | $ | 5,352 | 3 | % | $ | 15,935 | $ | 15,410 | 3 | % | |||||||||||
| Parks and Resorts | 3,980 | 3,678 | 8 | % | 11,139 | 10,371 | 7 | % | |||||||||||||||
| Studio Entertainment | 1,807 | 1,590 | 14 | % | 5,500 | 4,473 | 23 | % | |||||||||||||||
| Consumer Products | 902 | 775 | 16 | % | 2,913 | 2,551 | 14 | % | |||||||||||||||
| Interactive | 266 | 183 | 45 | % | 937 | 668 | 40 | % | |||||||||||||||
| $ | 12,466 | $ | 11,578 | 8 | % | $ | 36,424 | $ | 33,473 | 9 | % | ||||||||||||
| Segment operating income (loss): | |||||||||||||||||||||||
| Media Networks | $ | 2,296 | $ | 2,300 | — | % | $ | 5,884 | $ | 5,376 | 9 | % | |||||||||||
| Parks and Resorts | 848 | 689 | 23 | % | 1,976 | 1,649 | 20 | % | |||||||||||||||
| Studio Entertainment | 411 | 201 | >100 % | 1,295 | 553 | >100 % | |||||||||||||||||
| Consumer Products | 273 | 219 | 25 | % | 977 | 765 | 28 | % | |||||||||||||||
| Interactive | 29 | (58 | ) | nm | 98 | (103 | ) | nm | |||||||||||||||
| $ | 3,857 | $ | 3,351 | 15 | % | $ | 10,230 | $ | 8,240 | 24 | % | ||||||||||||
For earnings history and earnings-related data on Walt Disney (DIS) click here.