Earnings: Disney Q1 Beats Estimates Handily; Net Income Up 22 Percent

This story was written by Staci D. Kramer.
Work in progress...The Walt Disney (NYSE: DIS) Company disappointed only the naysayers today for the most part today, turning in yet another quarter of the kind that produces gushing from the TV pundits and re-starts the pool on when CEO Bob Iger will deliver the other kind of results. Disney earned $1.13 billion, or $0.58 per share, up 32 percent over $931 million, or $0.44 per share, in the same quarter last year. Disney was aided by a stronger-than-expected performance from theme parks and, despite the writers' strike, the network segment. More to come ...
Earnings release | Webcast (4:30 et)

By Staci D. Kramer