Reported on Tuesday, the quarter earning reports for the Walt Disney Company were released. During the first fiscal quarter, the company earned $1.27 per share according to The Hollywood Reporter. This comes to a total of $13.4 billion in revenue during one quarter. Financial analysts had predicted the company to report $1.07 per share with $12.9 billion in income. When the report came in, these numbers were dramatically exceeded.
In the earnings report, all aspects from within the company showed an increase of income. Parks and resorts, consumer products and media network reported higher ratings than the previous quarter. Though one area, cable operating networks, showed a decline of two percent that was based in part of higher advertisement costs within the sports industry.
As for studio entertainment, the percentages were at increase due to more successful films in home entertainment such as Guardians of the Galaxy and Frozen. This is versus the past years of having films such The Lone Ranger and Monsters University.
In other news as to parks and resorts, the Wall Street Journal has reported that the Shanghai Disney Resort has pushed back the opening date to spring of 2016. This news does not affect the first quarter reports as it ended on December 27, 2014. As to if it will affect future reports, there is a possibility. Noted in this earnings report, parks and resorts did show an increase of 9 percent in income.
With this new earnings report, what are your thoughts?
Leave a Reply