Tuesday, August 05, 2014

Profits

Animation helps a bottom line.

Operating income at the conglomerate's film studio more than doubles to $411 million as "Frozen" outperforms internationally and in home entertainment.

Walt Disney reported Tuesday that it earned $1.28 per share in the most recent quarter on $12.46 billion revenue, besting the expectations of analysts on both the top line and bottom line as the conglomerate's film studio rode a wave of solid hits, including Maleficent and Captain America: The Winter Soldier.
Wall Street analysts had predicted Disney would post earnings-per-share of $1.16 on revenue of about $12.2 billion in its fiscal third quarter.

Disney said its earnings per share are a record for any quarter in the company's history. By that metric, the first three quarters of the fiscal year have already set a full-year record. ...

The Diz Co. has three animated features coming out in the next twenty months, two from Pixar and one from Walt Disney Animation Studios. Between the super heroes, cartoons, and Star Wars sequels, the company should be pulling in plenty of money.

2 comments:

Unknown said...

Hey Steve speaking about profits our 401k money was sitting in limbo last week when the market took a dive. Looks like all participants are going to have some profits later on.

Steve Hulett said...

The money from the 401(k) plan was in money market accounts for a few days, then was mapped to an age-appropriate Target Retirement Fund.

(See above.)

Site Meter