Disney (DIS) Tops Q3 EPS by 1c, Revenues Beat

August 9, 2016 4:16 PM EDT

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(Updated - August 9, 2016 4:18 PM EDT)

Disney (NYSE: DIS) reported Q3 EPS of $1.62, $0.01 better than the analyst estimate of $1.61. Revenue for the quarter came in at $14.28 billion versus the consensus estimate of $14.15 billion.

“Disney delivered another quarter of double-digit EPS growth, and we are thrilled with our continued performance,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company. “Our results are evidence that our asset mix is strong, as is our ability to execute in ways that enhance the Disney brand and create value for our shareholders while we invest for future growth.”

SEGMENT RESULTS

The following table summarizes the third quarter and nine-month segment operating results for fiscal 2016 and 2015 (in millions):

Quarter Ended Nine Months Ended
July 2,2016 June 27,2015 Change July 2,2016 June 27,2015 Change
Revenues:
Media Networks $5,906 $5,768 2% $18,031 $17,438 3%
Parks and Resorts 4,379 4,131 6% 12,588 11,801 7%
Studio Entertainment 2,847 2,040 40% 7,630 5,583 37%
Consumer Products &

Interactive Media

1,145 1,162 (1)% 4,241 4,131 3%
$14,277 $13,101 9% $42,490 $38,953 9%
Segment operating income:
Media Networks $2,372 $2,378 --% $6,083 $5,974 2%
Parks and Resorts 994 922 8% 2,599 2,293 13%
Studio Entertainment 766 472 62% 2,322 1,443 61%
Consumer Products &

Interactive Media

324 348 (7)% 1,541 1,437 7%
$4,456 $4,120 8% $12,545 $11,147 13%

For earnings history and earnings-related data on Disney (DIS) click here.



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