Disney reported earnings and revenue that beat Wall Street expectations for the latest quarter on strength in its parks and recreation and studio businesses. The stock shot higher in extended hours trading.
The media giant posted fiscal second-quarter net income of $1.51 billion, a 32 percent increase from the $1.14 billion earned a year earlier. Earnings excluding items were 79 cents a share, up 36 percent from 58 cents a share in the year-earlier period. ...
Robert Iger has done a good job cranking up cash flow and profits for the House of Mouse. Disney has become kind of an entertainment Berkshire-Hathaway (the Warren Buffet conglomerate) that has a lot of different businesses and a lot of moving parts.
Disney today is a lot like Time-Warner. TW still has "Warner" in its corporate title, but it has only a bit less to do with Jack L. Warner and his big brothers than "The Walt Disney Company" has to do with Walt.
Time marches on.
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