Disney's (DIS) Q4 Earnings, Sales Strong; Media Segment Grew 9%

Investors are bidding up shares of Disney (NYSE: DIS) in Thursday's post-market session amid the company's solid fourth-quarter results. After closing at $34.64, the stock is now up about 2 percent to $35.46.

Revenue rose 7 percent from $9.74 billion in the fourth-quarter of 2010 to $10.425 billion.

Net income jumped 30 percent from $835 million in the year-ago quarter to $1.087 billion. Profit totaled 58 cents per share, up about 35 percent from 43 cents per share last year. Non-GAAP earnings came in at 59 cents per share.

Analysts on the Street had been expecting sales of $10.36 billion and EPS of 54 cents.

Bob Iger, President and CEO of Disney said, "Fiscal 2011 was a great year financially and strategically, demonstrating the strength of our brands and businesses with record revenue, net income and earnings per share. We are confident the Company is well-positioned to deliver long-term value for our shareholders with our focus on quality content, compelling uses of technology and global asset growth.”

Taking a look at each of Disney’s segments:

• Media Networks sales rose 9 percent to $4.798 billion
  
  
• Parks and Resorts sales rose 11 percent to $3.129 billion
  
  
• Studio Entertainment revenue down 8 percent to $1.459 billion
  
  
• Consumer Products sales up 12 percent to $816 million
  
  
• Interactive Media sales rose 19 percent to $223 million

Within the Media branch, sales to the Cable Networks unit rose 11 percent to $3.467 billion, while sales to the Broadcasting unit rose 4 percent to $1.331 billion.

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