In This Article:
BURBANK, Calif. (AP) — BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Wednesday reported fiscal second-quarter earnings of $3.28 billion.
On a per-share basis, the Burbank, California-based company said it had net income of $1.81. Earnings, adjusted for one-time gains and costs, came to $1.45 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The entertainment company posted revenue of $23.62 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $23.14 billion.
Disney expects full-year earnings to be $5.75 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIS at https://www.zacks.com/ap/DIS