Disney reports record revenue, but stock falls as Fox acquisition hurts earnings
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Disney DIS, -3.08% reported fiscal third-quarter profit of $1.76 billion, or 98 cents a share, on sales of $20.25 billion, up from revenue of $15.2 billion in the year-ago quarter. Disney’s previous record for quarterly revenue was $15.37 billion in the final quarter of the 2017 calendar year. After adjusting for restructuring charges and other effects, Disney claimed earnings of $1.35 a share, down from $1.87 a share a year ago. Analysts on average expected Disney to report adjusted earnings of $1.72 a share on sales of $21.45 billion, according to FactSet.
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https://www.marketwatch.com/story/disney...yptr=yahoo
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Disney DIS, -3.08% reported fiscal third-quarter profit of $1.76 billion, or 98 cents a share, on sales of $20.25 billion, up from revenue of $15.2 billion in the year-ago quarter. Disney’s previous record for quarterly revenue was $15.37 billion in the final quarter of the 2017 calendar year. After adjusting for restructuring charges and other effects, Disney claimed earnings of $1.35 a share, down from $1.87 a share a year ago. Analysts on average expected Disney to report adjusted earnings of $1.72 a share on sales of $21.45 billion, according to FactSet.
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https://www.marketwatch.com/story/disney...yptr=yahoo
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