The Walt Disney Company (DIS) announced Q2 earnings after today’s closing bell, beating analyst expectations for both EPS and revenues.
DIS Earnings in Brief
DIS reported EPs of $1.11 on revenues of $11.65 billion. This came in well above Wall Street expectations that saw EPS at $0.95 and revenues of $11.2 billion. Net Income jumped 27% from the same quarter one year prior. Excluding certain items that impact comparability, EPS increased 41% for the quarter. The Studio Entertainment segment gains increased by well over 100% from the same quarter just a year ago.CEO Commentary
Chairman and CEO Robert A. Iger had this to say concerning the quarter’s results: “We're extremely pleased with our results this quarter, delivering double-digit increases in operating income across all of our businesses and the highest quarterly earnings per share in the history of the Company. Our continued strong performance reflects the strength of our brands, the quality of our content, and our unique ability to leverage creative success across the entire Company to drive value.”
DIS Dividend
The company made no mention with regards to its dividend. DIS is an annual dividend payer, so we do not expect to hear any news regarding its payout until further down the line in 2014.
Stock Performance
DIS shares popped as high as 1.5% immediately following the report but settled down to a gain of 0.6% not long after.
DIS Dividend SnapshotAs of Market Close on May 6, 2014
Click here to see the complete history of DIS dividends.
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