Excluding one-time charges, Disney (DIS, Fortune 500) said it earned 47 cents per share. Analysts polled by Thomson Reuters, who typically strip out one-time items from their estimates, were looking for 38 cents per share.
Sales rose 1% to $9.7 billion, which beat analysts' forecast of $9.66 billion.
What is even better news is that theme park revenue remains flat, considering that everyone predicted a drop. It shows that the aggressive strategy they have been implementing has worked!
I've never paid much attention to these "analysts" before until I started buying Disney stocks a few years ago. I don't know how people can keep making a living at being WRONG that often.
Zz.
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